The ongoing crypto market surge has increased the ambitions of crypto enthusiasts about the price of Bitcoin in the upcoming future. Various corporates and crypto analyst are sharing their views about Bitcoin’s Price for example JPMorgan’s analysis of the price surge. On the same line Recently Peter Brandt, The Veteran Crypto analyst and Trader has predicted that Bitcoin’s Bull run will continue till August or September of 2025 which can lead to a Bitcoin price surge ranging from $120,000 to $200,000.
Peter Brandt tweeted “With the thrust above the upper boundary of the 15-month channel, the target for the current bull market cycle scheduled to end in Aug/Sep 2025 is being raised from $120,000 to $200,000.”
The prediction by Peter Brandt has raised the ambitions of crypto holders because the crypto market has made a huge growth in the recent month hitting the $2 Trillion mark and is predicted to reach $10 trillion in 2030 if we witness the same “Bull case”.
The Crypto and Bitcoin upsurge can be traced back to various reasons however the recent comments and tweets highlight Bitcoin halving as one of the top most reason behind the recent upsurge and a Bull case. The Bitcoin halving means an event that occurs when the rewards for mining Bitcoin transactions are cut in half reducing the rate at which new coins are created and lowering the available amount of new supply is one of the reasons behind the crypto upsurge as it reduces the supply of bitcoin in the market. There is also a prediction that Bitcoin Halving can reach up to one satoshi (The smallest unit of Bitcoin).
The other reasons that are helping a bull run are the approval of Bitcoin ETF by the U.S SEC, Ethereum’s dencun upgrade, Potential Ether ETF, Bulk Purchase of Bitcoins by corporates, changing attitude of critics towards Bitcoin for Donal Trump, etc.
With the ongoing trend in the crypto market, we can think that the future is all about Crypto Currency which will give tough competition to the traditional financial market and can also give tough competition to the Fiat currencies in the world. The crypto market has made all of us aware of Blockchain technology and Decentralized Financing which is useful in various fields such as Healthcare, Education, Real estate, and much more.
Also Read: JPMorgan Highlights Ethereum Behind A Crypto Surge
