Peter Brandt Predicts Bitcoin Could Reach $135,000 by Late 2025 Amid Strong Fundamentals

Peter Brandt, a seasoned trader, is feeling bullish about Bitcoin (BTC). Right now, it's trading about 17% below its all-time high. He recently shared with his 741,800 followers on X that he believes Bitcoin could hit $135,000. He thinks this might happen in August or September of 2025.

Brandt points out that Bitcoin often sees big gains during the second half of halving cycles. However, he also mentions a critical level to watch: “If it closes below $48,000, my chart analysis doesn’t hold.” As of now, Bitcoin is priced at $61,070.

He also notes that Bitcoin is outperforming gold as a store of value. Using Bayesian analysis—a method that helps update probabilities as new data comes in—he suggests that the Bitcoin-to-gold ratio could stay above 100 once it crosses that three-figure mark. He says, “Bitcoin is beating gold. The resistance is at 32 to 1, but currently, it’s at 23 to 1. Support is in the high teens to 1. A new all-time high sets a target of over 100 to 1.”

Brandt’s positive outlook aligns with the views of Jan Happel and Yann Allemann, co-founders of Glassnode, a blockchain analytics platform. They recently commented on the recent dip in Bitcoin’s price, which fell from around $66,500 to just below $60,000 due to geopolitical tensions in the Middle East. They believe this correction will be short-lived.

They stated, “Last week’s geopolitical risks led to a Bitcoin correction, but the fundamentals are getting stronger. This positive shift is driven by network growth and rising liquidity. The upward movement for BTC is just beginning.”