Veteran trader Peter Brandt said Bitcoin needs to avoid falling below $48,000 to maintain its chances of reaching six-digit all-time highs next year.
Brandt recently released his price forecast for Bitcoin by 2025 on X, saying that the market consolidation since March was a "short 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 produces the biggest price increases. Based on this macro stance, Brandt predicts that Bitcoin will rise to $135,000 by August-September 2025, but the $48,000 support level must be maintained to support this forecast. (Cryptonews)