Bitcoin (BTC) Due to Hit $135,000 Within the Next Year — Unless a 25% BTC Price Crash Ruins Its Prospects

In an X update on Oct. 9, veteran trader Peter Brandt delivered his expectations for Bitcoin through 2025.

Bitcoin (BTC) price performance may be consolidating for a seventh month below all-time highs, but a veteran trader now claims that the bulk of BTC’s bull market gains are yet to come.

In a fresh X update on Oct. 9, Peter Brandt delivered his expectations for Bitcoin through 2025.

Brandt eyes $135,000 BTC price by next September

After seven months of sideways trading, Bitcoin bulls are growing impatient. Despite a lack of strong upside momentum, one trader is now predicting that BTC/USD will hit $135,000 next year.

Coming as BTC price action stalls at around $54,000, the new prediction is bound to raise eyebrows among those who expected 2022 to herald a continuation of the record highs seen in 2021.

Those hopes were dashed early on, and now, traders are having to adjust their expectations for the remainder of the year.

Brandt, however, remains bullish on Bitcoin in the longer term, and his latest chart analysis suggests that BTC price will continue rising throughout 2023, reaching $135,000 by September.

In his X post, Brandt included a zoomed-out chart of BTC price from 2023 to 2025, with his analysis showing that BTC price will rally sharply in the latter half of each four-year halving cycle, reaching new all-time highs each time.

According to Brandt, if BTC price manages to rally to $135,000 in the next bull cycle, it will then pause briefly before continuing its uptrend.

However, there is a caveat to Brandt's prediction: If BTC price falls considerably and closes below $48,000, his prediction will be negated.

Reacting to Brandt's analysis, Keith Alan, co-founder of trading resource Material Indicators, shared his thoughts on the matter.

“This aligns pretty closely with my macro outlook for this Bitcoin cycle, although my target is slightly lower in the $125k - $130k range, and I’m not sure about the timing,” he told X followers.

Long-term bullish on Bitcoin

As Cointelegraph has been reporting, the consensus appears to favor continued BTCUSD upside, with 2025 being the favorite year for its next macro top.

Numbers for the next all-time high vary, with one recent model eyeing $275,000 per coin by the end of next year.

In August, CryptoCon likewise saw highs in 2025 while calling this year’s trip to $73,800 “confusing.” CrpytoCon's own model places particular emphasis on Bitcoin’s first-ever halving event in November 2012.

Other bets, meanwhile, have failed to come to pass. Calls for new highs as soon as September went unfulfilled despite last month offering uncharacteristically high returns of just over 7%.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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