Veteran trader Peter Brandt is raising his target price for Bitcoin (BTC<\/a>) this cycle after the crypto king broke out of a massive bullish pattern.<\/p>\n The seasoned trader tells his 717,300 followers on the social media platform X that Bitcoin is now in a position to surge over 250% from current levels by Q3 2025 following a breakout from an ascending channel on the three-day chart.<\/p>\n But Brandt highlights that his big price target for BTC will be invalidated if Bitcoin starts to trade below $50,500.<\/p>\n \u201cWith 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. BTC.<\/em><\/p>\n A close below last week\u2019s low will nullify this interpretation.\u201d\u00a0<\/em><\/p>\n Looking at Brandt\u2019s chart, the trader seems to suggest that BTC has taken out two key resistance levels in just the past week.<\/p>\n The trader is also warning<\/a> against the use of \u201claser eyes\u201d on social media platforms as Bitcoin continues to move higher. In 2021, the laser-eye trend emerged, in which members of the crypto community used laser eyes on their social media profile photos to cheer on Bitcoin\u2019s rise to $100,000. Back then, Brandt said the movement marked Bitcoin\u2019s top as it indicated over-exuberance among BTC holders.<\/p>\n Says Brandt,<\/p>\n \u201cJust as I did in 2021, I will use laser eyes on \u2018X\u2019 as a contrary indicator. So, people, if you want Bitcoin to remain in a strong trend please do not adopt laser eyes on your social media picture Too many laser eyes will be the KOD (kiss of death).\u201d\u00a0<\/em><\/p>\n At time of writing, BTC is worth $56,849, up over 3% in the last 24 hours.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>   Generated Image: DALLE3<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" Veteran trader Peter Brandt is raising his target price for Bitcoin (BTC) this cycle after the crypto king broke out of a massive bullish pattern. The seasoned trader tells his 717,300 followers on the social media platform X that Bitcoin is now in a position to surge over 250% from current levels by Q3 2025 […]<\/p>\n","protected":false},"author":2,"featured_media":255656,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-255655","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/255655","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=255655"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/255655\/revisions"}],"predecessor-version":[{"id":255658,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/255655\/revisions\/255658"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/255656"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=255655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=255655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=255655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n
\nCheck Price Action<\/a><\/span><\/em>
\n
\nFollow us on Twitter<\/a>, Facebook<\/a> and Telegram<\/a><\/span><\/em>
\n
\nSurf The Daily Hodl Mix<\/a><\/span><\/em>
\n<\/p>\n
\n![](\"https:\/\/dailyhodl.com\/wp-content\/uploads\/2018\/06\/Get-Alerts-728x90.png\")
<\/p>\nDisclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n