Bitcoin to Reach $200,000: Veteran Trader Predicts Bull Market Peak

Veteran trader and analyst Peter Brandt believes Bitcoin will reach its cycle peak between September 15th and 28th, potentially trading at around $145,000. He based his prediction on historical market cycles, observing that peaks typically occur after a period of approximately 75 weeks following an earlier top. While the price experienced a slight drop after Monday’s rally surpassing $121k, analysts remain optimistic about Bitcoin’s final stage before breaking out towards $200,000. Another prominent trader and X commentator, Merlijn The Trader, aligns with Brandt’s prediction, suggesting that Bitcoin is set for a parabolic blow-off top, potentially reaching $180,000. This break could signal significant gains in the years to come.