Bitcoin (BTC) will reach $135,000 within the next year unless a 25% BTC price crash ruins the outlook, according to a new forecast.
In the October 9th X Update, veteran trader Peter Brandt relayed his expectations for Bitcoin through 2025.
Brandt predicts the BTC price to be $135,000 by September next year.
BTC price action may be consolidating below seven-month all-time highs, but this may be “minimal” as Bitcoin’s bull market rally looms ahead.
For Brandt, the second half of Bitcoin’s four-year halving cycle always produces the sharpest price gains. This means that his recent BTC price target is conservative compared to his future targets.
Part of his post states: “The period after March 2024 appears to be a minor and brief pause in the ongoing trend.”
“My goal is $135,000 by August/September 2025.”
However, the caveat is that if the bears gain control and BTC/USD declines significantly, $48,000, approximately 22% below the current spot price, is the make-or-break level for the prediction.
“A close below $48,000 will invalidate my chart analysis,” Brandt confirmed.
Keith Alan, co-founder of trading resource Material Indicators, was cautiously optimistic about this.
“This aligns very closely with my macro outlook for this Bitcoin cycle,” he told X followers. But my goal is a little low, in the $125,000-$130,000 range and I’m not sure when,” he told his X followers.
Bitcoin’s long-term strength
As Cointelegraph reports, the consensus continues to favor a continued upward trend for BTC/USD, with 2025 being the best year for the next macro normal.
relevant: Bitcoin 3-year chart pattern is nearing a breakout point as analysts predict a 312% ROI.
Numbers for the next all-time high vary, with one recent model hitting $275,000 per coin by the end of next year.
Last August, popular analyst CryptoCon likewise called the 2025 high at $73,800 “confusing” this year. CrpytoCon’s own model focuses specifically on Bitcoin’s first-ever halving event in November 2012.
Meanwhile, other bets didn’t pay off. Despite delivering unusually high returns of just over 7% last month, it was demanding new highs as soon as September.
This article does not contain investment advice or recommendations. All investment and trading activities involve risk and readers should conduct their own research when making any decisions.