Peter Brandt predicts Bitcoin to reach $135,000 by 2025, citing post-halving behavior

From Investing.com
October 9, 2024 2:00pm:

Renowned financial market veteran Peter Brandt predicts Bitcoin (BTC) to hit $135,000 by August or September 2025, citing post-halving behavior as a key factor. Brandt notes that great gains typically follow halving cycles, with $48,000 as the invalidation point for this prediction. Currently, BTC hovers around $61,800, facing a stagnant market without a clear direction.
Traders anticipate a potential price movement for Bitcoin as key U.S. economic data is set to be released. The release of the monthly Consumer Price Index (CPI) data and Federal Open Market Committee (FOMC) notes over the next two days could serve as catalysts for Bitcoin’s price action. Expert analysis suggests a possible revival in Bitcoin’s market movement.
Source: U.Today

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