{"id":89767,"date":"2025-10-09T16:56:35","date_gmt":"2025-10-09T13:56:35","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=89767"},"modified":"2025-10-09T17:02:39","modified_gmt":"2025-10-09T14:02:39","slug":"peter-brandt-sees-scope-for-bitcoin-to-reach-185000","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/peter-brandt-sees-scope-for-bitcoin-to-reach-185000\/","title":{"rendered":"Peter Brandt sees scope for bitcoin to reach $185,000"},"content":{"rendered":"

The first cryptocurrency could enter \u201cuncharted price territory\u201d if it does not top out in the coming days, technical analyst Peter Brandt told Cointelegraph<\/a>.<\/p>\n

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\u201cIt is entirely reasonable to expect the peak of the bull phase at any moment,\u201d he said, citing classic cycle theory. <\/em><\/p>\n<\/blockquote>\n

He explained that 533 days passed from the bitcoin cycle low on 9 November 2022 to the halving<\/a> on 20 April 2024.<\/p>\n

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\u201cIf you add those 533 days to the [block reward] halving date, you get just last week,\u201d he stressed. <\/em><\/p>\n<\/blockquote>\n

That date fell on 5 October. The following day, digital gold set a new<\/a> price record above $126,000. But there is a wrinkle: according to Brandt, the strongest trends are born when the market breaks out of its usual cycles.<\/p>\n

He put the odds of the classic scenario at 50%. Still, he remains bullish and hopes for a countercyclical move, expecting bitcoin to rise \u201cwell beyond $150,000 and higher, with scope to move to $185,000\u201d.<\/p>\n

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\u201cSooner or later everything changes. However, betting against a cycle with an impeccable 3:0 track record should be done with extreme caution,\u201d Brandt warned. <\/em><\/p>\n<\/blockquote>\n

In 2025, the debate over whether bitcoin\u2019s cycle theory still holds has flared anew. In July, the analyst known as Rekt Capital suggested<\/a> that, by analogy with 2020, the peak could come in October. <\/p>\n

Not everyone agrees. In the summer, CryptoQuant CEO Ki Young Ju said<\/a> the classic model has lost its relevance, citing growing institutional influence on the crypto market. <\/p>\n

Later, the \u201cdeath\u201d of bitcoin cycles was confirmed<\/a> by Bitwise\u2019s chief investment officer. Analysts at K33 share<\/a> a similar view. In their words, bitcoin\u2019s moves now depend on large investors and macro policy rather than halving-linked patterns.<\/p>\n

Rise or fall? <\/h2>\n

At the time of writing, the first cryptocurrency trades around $123,000. Over the past 24 hours the price is up 0.1%, and 3.5% on the week, according to CoinGecko<\/a>. <\/p>\n

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Hourly chart of BTC\/USDT on Binance. Source: TradingView<\/a>. <\/figcaption><\/figure>\n

Trader Tony Severino noted that a classic volatility gauge \u2014 the Bollinger Bands<\/a> \u2014 has reached record \u201ccompression\u201d on weekly charts. This typically precedes a strong price move. <\/p>\n

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Bitcoin\u2019s weekly Bollinger Bands recently hit record tightness<\/p>\n

For now, BTCUSD has failed to break out above the upper band with strength <\/p>\n

According to past local consolidation ranges, it could take as long as 100+ days to get a valid breakout (or breakdown, if BTC dumps\u2026 pic.twitter.com\/uCpcxvKzX1<\/a><\/p>\n

\u2014 Tony “The Bull” Severino, CMT (@TonyTheBullCMT) October 8, 2025<\/a><\/p><\/blockquote>\n