Senior analyst and CEO of Factor LLC, Peter Brandt, predicts that by September 2025, the price of Bitcoin will rise to $200,000. Brandt stated that on Monday, the price of Bitcoin broke through $55,000, surpassing a 15-month channel determined by 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 of Bitcoin exceeds the low point of around $50,500 from last week. Several other studies indicate that a significant bull market is expected in the future, including research based on previous halving cycles and Bollinger Band width and other technical analysis indicators.

Market analysis:

BTC: On the 4-hour chart, the price is strongly above the upper Bollinger Band, showing strong momentum.

On the daily chart, the price is strongly supported by the moving average.

In summary, the support level is at 56300, and the resistance level is at 56700.

ETH: On the 4-hour chart, the price is above the upper Bollinger Band, showing strong momentum, with support at 3240 and resistance at 3270.

LTC: The price continues to stay above the upper Bollinger Band, but there is a need for a pullback indicated by the upper shadow, with support at 73 and resistance at 77.

BCH: The price continues to stay above the 4-hour upper Bollinger Band, showing strong momentum, with support at 290 and resistance at 310.

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