Veteran Analyst Raises Bitcoin Price Target to $200K, But Warns 'Laser Eyes' Could Signal Retail Mania
• Veteran analyst Peter Brandt raises his 2025 bitcoin price target to $200K based on the cryptocurrency breaking out of a 15-month channel
• Other studies also predict near-vertical bitcoin price rallies ahead due to previous halving cycles and indicators like Bollinger bandwidth
• Brandt's bullish outlook remains valid as long as bitcoin stays above $50,500
• Bitcoin's upcoming reward halving in April 2024 expected to drive inflows into spot BTC ETFs and push prices into six figures
• Brandt warns return of "laser eyes" profile pictures could signal retail investor mania typically seen at market tops