Brandt sees Bitcoin's move above the top of a multi-month channel represents a decisive technical breakout, signaling further upside. Factor LLC CEO, veteran commodities trader, and seasoned chart analyst Peter Brandt has raised his September 2025 price target for Bitcoin from $120,000 to $200,000 after results from the alpha cryptocurrency’s breakout saw gains of roughly 10%, pulling ahead from a 15-month channel. According to Brandt, Bitcoin’s move above the top of a multi-month channel represents a decisive technical breakout, signaling further upside within the time frame. The current bull cycle is estimated to end by August or September 2025.