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Bitcoin Price Forecast: Peter Brandt Revises Target to $200,000
Renowned commodities trader and chart analyst Peter Brandt has revised his September 2025 Bitcoin (BTC) price target, increasing it from $120,000 to $200,000. This adjustment comes after the cryptocurrency’s recent breakout, which yielded gains of approximately 10% and propelled Bitcoin beyond a 15-month channel.
Brandt’s Revised Forecast
Brandt, CEO of Factor LLC, believes that Bitcoin’s upward move above the top of a multi-month channel signifies a significant technical breakout, indicating the potential for further upside within the specified timeframe. He estimates the current bull cycle will likely conclude by August or September 2025.
Analysts Optimistic About Bitcoin Price Movement
Brandt’s optimistic forecast aligns with other projections that anticipate higher Bitcoin prices in the coming years. Various studies highlight the exponential growth potential driven by the supply-constraining effect of Bitcoin’s quadrennial reward halving events. Bloomberg analysts even predict that Bitcoin exchange-traded funds (ETFs) will surpass Gold ETFs in terms of assets under management within the next two years.
- Brandt’s revised target: $200,000
- Potential for further upside within the specified timeframe
- Exponential growth potential driven by reward halving events
- Bitcoin ETFs expected to surpass Gold ETFs
Bitcoin Price Hits Two-Year High
On Monday, Bitcoin hit its highest point in over two years, reaching $57,000. The cryptocurrency rose 9% to briefly touch the $57,000 milestone, its first time since November 2021, before dropping back down to around $56,500 levels. Furthermore, Bitcoin’s market capitalization has surpassed $1.1 trillion once again.
Bitcoin’s Potential Market Cap
Fidelity’s Director of Global Macro, Jurrien Timmer, has suggested that the Bitcoin market cap has the potential to reach a quarter of the “monetary gold” market, hitting an impressive $6 trillion. Timmer’s forecast is based on the assumption that Bitcoin will solidify its position as digital gold and a reliable store of value.
- Bitcoin’s market capitalization surpasses $1.1 trillion
- Bitcoin market cap potential forecasted at $6 trillion
- Bitcoin’s role as digital gold and store of value
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
