Renowned trader Peter Brandt has suggested that there is a 25% chance that Bitcoin (BTC) will reach a peak of $160,000 in this market cycle. Brandt shared his analysis on the social media platform X, where he has a following of 724,700. According to Brandt, the current Bitcoin bull market is expected to continue until the fourth quarter of 2025. He emphasized that his analysis is based on a chart he published in February, projecting a bull market until September or October 2025.

Brandt’s chart indicates that it took BTC 525 days to surpass $50,000 from its low point of around $16,000 in November 2022. Using this timeframe, Brandt predicts that Bitcoin has 525 days from the breakout of $50,000 to reach its peak of $160,000. However, Brandt’s $160,000 price target seems conservative, as he previously predicted that Bitcoin could rally as high as $200,000 by September 2025. He maintains that this prediction holds true as long as Bitcoin remains above $50,000.

Currently, BTC is valued at $63,776. Despite the uncertainty surrounding Bitcoin’s future, Brandt asserts that the early days of the BTC bull market are likely behind us. He advises caution and risk management, stating that the halving event was likely the midpoint of the bull cycle.

Brandt also discloses that he has held a stack of Bitcoin since 2016, along with physical gold for 40 years.

Please note that The Daily Hodl’s opinions are not investment advice, and investors should conduct their own research before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets.