Trader Peter Brandt Predicts Bitcoin Could Hit $135K in 2025 but Faces Short-Term Risks

Trader Peter Brandt Predicts Bitcoin Could Hit $135K in 2025 but Faces Short-Term Risks

Veteran trader Peter Brandt has forecasted that Bitcoin could reach a new all-time high of $135,000 by late 2025, but warns that Bitcoin must avoid dropping below $48,000 in the short term to maintain this bullish outlook. In an October 9 post on X, Brandt pointed to Bitcoin’s historical halving cycles, which have typically seen the sharpest price increases in the latter stages.

The $48K Crucial Support Level

Brandt’s analysis hinges on Bitcoin holding its current position above $48,000. A close below this level would invalidate his predictions and signal potential trouble for the cryptocurrency’s price trajectory. He emphasized that if the price falls below this critical point, the chart analysis supporting his six-figure prediction would no longer hold.

10x Research Offers a More Cautious Outlook

Despite Brandt’s optimism, 10x Research CEO Markus Theilin offered a more tempered view in a report published the same day. Theilin warned that relying solely on macro trends like halving cycles and Federal Reserve policy changes is "overly simplistic." He pointed out that while these factors might create favorable conditions, Bitcoin also needs strong market momentum and fundamentals to support its growth.

US Presidential Election’s Impact on Bitcoin

Theilin also highlighted the upcoming U.S. presidential election as a potential catalyst for Bitcoin’s performance. A Trump victory could accelerate pro-crypto policies, possibly pushing Bitcoin’s price toward $220,000. Meanwhile, a Harris presidency might initially lead to a price dip but could still bring Bitcoin to a high of $75,000, thanks to her recent endorsement of digital assets.

Despite the differing opinions, Theilin remains optimistic, suggesting there is still hope for a Q4 rally, but he stresses the importance of effective risk management as the market navigates these uncertain times.