Peter Brandt, a well-known trader and chart analyst, believes that Bitcoin could rise to $125,000 by the end of 2024. He uses a Bayesian analysis to predict this based on historical price movements, specifically the increase between January and March 2024. Brandt also notes that Bitcoin is currently in its “sweet spot” of the halving cycle, which has historically led to significant price increases.
If the positive trend continues, he predicts that Bitcoin could reach $130,000-$150,000 by August or September 2025.
