Peter Brandt's Bitcoin Price Outlook

Peter Brandt, a seasoned veteran of the financial market since the 1970s, has published a new outlook on Bitcoin (BTC) pricing. In his latest analysis, he emphasizes the significance of the post-halving behavior of Bitcoin.

Brandt notes that significant gains usually follow halving cycles. He observes that the current period, which began in March 2024 when the latest all-time high was reached, seems to represent a brief pause in Bitcoin's ongoing upward trend. He has set a price target of $135,000 for Bitcoin by August or September 2025.

Moreover, Brandt does not discount the chance of Bitcoin reaching six figures rapidly, predicting a potential 35% increase over the next 365 days. However, he identifies an invalidation point at $48,000, below which these bullish scenarios would be rendered impossible.

Current Market Status

The price of Bitcoin currently stands at $61,800. After failing to surpass the critical resistance level around $65,000 in late September, Bitcoin found support in the $60,000s. Presently, the price appears to be in a state of uncertainty, often described as "chop," as traders navigate a narrow range without clear direction.

Looking forward, the upcoming release of crucial macroeconomic data regarding the U.S. economy may serve as a catalyst for a price movement revival. Traders are particularly keen on the imminent release of the monthly Consumer Price Index (CPI) data and the Federal Open Market Committee (FOMC) notes within the next two days.

Originally published on U.Today