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

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)