Top Expert Predicts BTC Rally To $135K, Here’s The Potential Timeline
Highlights
- Peter Brandt predicts BTC rally to $130K, sparking market optimism.
- Another top market expert anticipates Bitcoin price to hit $150K in the ongoing cycle.
- The experts remain bullish on BTC's future despite a recent slump in its price.
In a recent analysis, a top expert predicts a potential BTC rally to $135,000, sparking market optimism. This prediction comes amid a flurry of recent bullish forecasts for Bitcoin price, which have further fueled discussions in the market. However, it’s worth noting that the expert has also issued a warning, which has caught the eyes of the investors, especially as the flagship crypto fell below the $62K mark today.
Top Expert Foresees BTC Rally To $135K
In a recent X post, veteran crypto trader and expert Peter Brandt shared a bullish outlook suggesting a potential BTC rally. In his post, Brandt highlighted key observations from Bitcoin’s macro picture, noting that significant gains typically occur in the latter half of halving cycles. He believes the current period, starting from March 2024, is merely a brief pause in the ongoing upward trend.
Meanwhile, Brandt predicts that Bitcoin price will hit $135,000 by August or September 2025. This bold forecast has sparked discussions in the crypto market over a potential rally in the crypto’s price.
However, he cautioned that a close below $48,000 would invalidate his chart analysis. This warning suggests that the $48,000 level serves as a crucial support threshold for Bitcoin’s continued growth.
Meanwhile, Brandt’s forecast aligns with the broader optimism among crypto enthusiasts, underscoring the potential for substantial gains in the near future. For instance, another popular crypto market analyst, Bob Loukas predicts a BTC rally to $150,000 in this bull cycle, echoing Brandt’s bullish forecast.
What’s Next For Bitcoin Price?
During writing, BTC price fell over 1.2% and exchanged hands at $61,934, while its trading volume fell 16% to $26.14 billion. Notably, the crypto has touched a high of $63,174.31 and a low of $61,724.88. Besides, CoinGlass data showed that Bitcoin Futures Open Interest rose slightly today despite the price decline, indicating the market’s regaining confidence towards the flagship crypto.
In addition, in a recent report, Bitwise CIO Matt Hougan predicts a BTC rally to $80,000 in the fourth quarter, citing several reasons. For instance, he said that the upcoming US election and potential Fed rate cuts would support the rally in the last quarter of the year.
Meanwhile, this also comes in line with the market expectations over a potential rally in the fourth quarter. Historically, Bitcoin and other top altcoins tend to provide a positive performance in the final quarter of the year, as well as in October. Besides, a recent Bitcoin price analysis hints that crossing a brief support level would trigger a rally to $70K for the crypto in the coming days.
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