Senior trader: Bitcoin is expected to rise to $135,000 by the middle of next year, but must avoid falling below $48,000 before that

Odaily Planet Daily Report: Veteran trader Peter Brandt stated that Bitcoin needs to avoid falling below $48,000 to maintain the opportunity to reach a historic high of six figures next year. Brandt recently posted on X his price expectations for Bitcoin until 2025, stating that the market consolidation since March is a "temporary pause" and that most of the bull market is still ahead. This forecast is based on past halving cycles. Historical data shows that the second half of Bitcoin's four-year halving cycle always generates the largest price increase. Based on this macro perspective, Brandt predicts that Bitcoin will rise to $135,000 between August and September 2025, but it needs to hold the $48,000 support level to support this forecast. (Cryptonews)