Peter Brandt's Bold Bitcoin Prediction: $200,000 Target for Bull Market As
BTC soared to $57,000 and
ETFs shattered records, renowned trader Peter Brandt had an update. Sharing his insights on X, he pointed to a chart signaling a remarkable shift.
With the
bull market cycle set to wrap up in Aug/Sep 2025, Brandt is raising the stakes from $120,000 to an eye-popping
$200,000. But there's a caveat: any dip below last week's low could change the game.
Brandt knows the importance of the
Hump...Slump...Pump...Dump dance in keeping the bull trend healthy. It's not just about soaring highs; it's about navigating the occasional lows too.
While Brandt sees
BTC as a solid hedge against fiat destruction, he doesn't mince words when it comes to other cryptocurrencies. For him, it's all about bitcoin – everything else is just "junk."
However, don't expect him to jump on the
halving hype bandwagon. He dismisses it as overblown excitement, suggesting that its impact is no bigger than a tiny gnat.
When it comes to trusting regulators
like SEC chairman Gary Gensler, Brandt urges caution. With a track record of not safeguarding investors' interests, he advises taking Gensler's words with a grain of salt.
