Peter Brandt, CEO of FACTOR LLC, predicts that the price of Bitcoin will rise to $200,000 by September 2025. Brandt points out that the recent breakthrough of $55,000 for Bitcoin has surpassed a 15-month price channel, which is formed by the trend lines based on the lows in November and September 2022, and the highs in April 2023 and January 2024. Furthermore, the bullish view is further supported when the price surpasses last week's low of $50,500. Additionally, other research based on indicators such as the halving cycle and Bollinger Bands width also indicate a significant bull market in the future.

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<p>News from TechFlow of Shenzhen, senior analyst and CEO Peter Brandt of Factor LLC predicts that the price of Bitcoin will rise to $200,000 by September 2025.</p>
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<p>Brandt stated that on Monday, the price of Bitcoin broke through $55,000, surpassing a 15-month channel determined by the trend lines connecting the lows of November and September 2022 and the highs of April 2023 and January 2024. The bullish view remains valid when the price exceeds the low point of around $50,500 last week.</p>
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<p>Several other studies indicate that a significant bull market is expected in the future, including research based on previous halving cycles and Bollinger Bands width.</p>
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The CEO of FACTOR LLC predicts that the price of Bitcoin will reach $200,000 by September 2025.