A top expert recently predicted a potential Bitcoin rally to $135,000, sparking optimism in the market. This forecast comes amid a wave of bullish predictions for Bitcoin, despite the cryptocurrency's dip below the $62K mark.

BTC Rally to $135K

Crypto trader Peter Brandt shared his outlook on Bitcoin, suggesting it could reach $135,000 by August or September 2025. He highlighted that significant gains typically occur in the latter part of halving cycles, with the current phase being a brief pause in the upward trend. However, Brandt warned that a close below $48,000 would invalidate his analysis, marking it as a crucial support level for continued growth.

Broader Market Sentiment

Brandt’s prediction aligns with broader market optimism, with analysts like Bob Loukas also forecasting a Bitcoin rally to $150,000 in this bull cycle. The sentiment reflects growing confidence in substantial gains for Bitcoin in the near future.

Current Market Trends

Bitcoin's price recently fell 1.2% to $61,934, with a trading volume drop of 16%. Despite the decline, Bitcoin Futures Open Interest has risen, suggesting renewed market confidence. Bitwise CIO Matt Hougan also predicts a rally to $80,000 in the fourth quarter, driven by factors like the upcoming US election and potential Fed rate cuts.

Outlook for Q4

Historically, Bitcoin tends to perform well in the fourth quarter. Recent analysis suggests that surpassing a brief support level could trigger a rally to $70,000 in the coming days, in line with positive market trends expected for the last quarter of the year.