Veteran trader and seasoned chart analyst, Peter Brandt, has revised his September 2025 price target for Bitcoin (BTC), the largest cryptocurrency, significantly raising it from $120,000 to an impressive $200,000. This upward adjustment follows Bitcoin’s breakthrough of a major barrier on February 27th.
In a remarkable turnaround, Bitcoin has soared to new heights, surpassing the $57,000 mark, a price zone unseen since November 2021, marking a substantial recovery for the cryptocurrency.
“With momentum above the upper boundary of the 15-month channel, the target for the current bull market cycle scheduled to conclude in August/September 2025 is now adjusted to $200,000 from $120,000. $BTC A close below last week’s low will negate this interpretation,” stated the cryptocurrency expert.
Peter Brandt, renowned for his precise cryptocurrency market analyses, recently underscored an optimistic growth forecast for Bitcoin. According to him, the leading cryptocurrency could be poised for parabolic growth.
Ethereum’s annual revenue growth outpacing Bitcoin by 100% was also highlighted in his analysis shared on February 6th. Brandt suggested that the market might be on the brink of witnessing another parabolic surge for Bitcoin, illustrating this with charts comparing its current movements to historical patterns.
Reflecting on the current outlook, cryptocurrency and stock analyst Gert van Lagen emphasized on February 27th that Bitcoin is on a “parabolic trajectory” towards its $200,000 target, which could be realized imminently.
“The price has sustained its parabolic trajectory since November 22nd and remains on course to hit $200 soon. Invalidity point: $32,000,” he remarked. “This parabola, reaching $200K, aligns perfectly with the pattern of previous fifth subwaves, all of which historically breached the blue trendline in a parabolic fashion.”
At the time of this report, the price of Bitcoin stood at $56,521.70, marking a 12.0% increase in the past 24 hours, with a trading volume totaling $52.37 billion. Over the past week, Bitcoin has appreciated by 9.6%.
Disclaimer: The views expressed by the author or individuals mentioned in this article are solely for informational purposes and do not constitute financial, investment, or other advice. Investing or trading cryptocurrencies carries inherent risks of financial loss.
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