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.”
BTC/USD 1 week chart. Source: Peter Brandt/X
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.
BTC/USD monthly returns (screenshot). Source: Coinglass
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.