Veteran trader Peter Brandt has made a bullish prediction for Bitcoin, forecasting that the leading cryptocurrency could hit $135,000 by 2025. However, as promising as this may sound, short-term hurdles remain. According to Brandt, Bitcoin must avoid dropping below $48,000 shortly to preserve its chances of reaching this six-figure mark by next year.
Brandt’s analysis, shared on October 9, reflects the market’s consolidation since March 2024, which he calls a “brief pause” in the broader bull market. His projection draws from past halving cycles, where the latter half of Bitcoin’s four-year halving periods has historically seen the most significant price surges. With this pattern in mind, Brandt expects Bitcoin to reach $135,000 by August to September 2025.
The $48K Support Level: A Critical Threshold
Although Brandt is optimistic about Bitcoin’s long-term growth, he emphasizes that maintaining a price above $48,000 is essential. Should Bitcoin fall below this level, the bullish outlook could be invalidated. In Brandt’s own words, “Close below K negates my chart analysis.” For traders following crypto signals, this support level is one to keep an eye on.
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Caution from 10x Research: Macro Trends Aren’t Everything
While macro trends provide useful insight, 10x Research CEO Markus Theilin offers a more cautious perspective. In an October 9 report, Theilin warned that relying too heavily on macroeconomic trends—such as halving cycles and liquidity flows—could be oversimplified.
Theilin points out that Bitcoin maximalists often expect a significant price rally post-halving, fueled by the Federal Reserve’s rate cuts and an increase in money supply. While these factors can create favorable conditions for Bitcoin’s growth, Theilin stresses the importance of strong fundamentals. Without solid momentum to drive the market, he argues that Bitcoin may continue its downtrend despite favorable macroeconomic conditions.
The U.S. Election: A Crucial Catalyst for Bitcoin’s Future
Looking beyond short-term price fluctuations, Theilin highlights the November 5th U.S. presidential election as a potential game-changer for Bitcoin and the broader crypto market. A victory for Donald Trump is widely viewed as positive for cryptocurrencies, particularly given his involvement with Bitcoin 2024 and his interest in decentralized finance (DeFi) projects like World Liberty Financial. Analysts predict that a Trump administration would fast-track pro-crypto policies, potentially pushing Bitcoin’s price even higher.
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On the other hand, a victory for Kamala Harris could also benefit Bitcoin, with projections for the cryptocurrency to reach $75,000 under her presidency. Harris has publicly endorsed digital assets, signaling a supportive stance on the regulatory front. However, some analysts caution that her election could trigger an initial price dip, though investors are expected to buy the dip as they anticipate continued progress in the regulatory environment.
Risk Management and the Importance of Momentum
As Q4 2024 unfolds, Theilin advises against abandoning hope for a Bitcoin rally. However, he underscores the importance of effective risk management. While macro factors such as the U.S. election and halving cycles can set the direction for the market, they may not be enough to sustain a rally unless strong fundamentals and momentum back the moves.
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Conclusion: Short-Term Challenges but Long-Term Optimism
While Peter Brandt’s forecast for a $135K Bitcoin by 2025 is promising, the immediate challenges Bitcoin faces—such as holding above $48,000—cannot be ignored. With additional macroeconomic factors, including the U.S. election, at play, Bitcoin’s future remains both exciting and uncertain.
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Disclaimer: The information provided in this article does not constitute investment advice, financial advice, trading advice, or any other advice, and should not be treated as such. Coin Push Crypto Alerts does not recommend buying, selling, or holding any cryptocurrency. Always conduct your due diligence and consult a financial advisor before making any investment decisions.
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There are indications that the crypto will be distributed to players over two years rather than all at once. This approach is likely designed to prevent a rapid drop in price after listing, with the intention that only the “whales” will remain to gradually buy up your coins.
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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