Chart Pundit Peter Brandt Raises Bitcoin’s 2025 Target to $200K on Channel Breakout

Bitcoin rose past $55,000 on Monday, breaking out of the 15-month channel, identified by trendlines connecting November 2022 and September lows and April 2023 and Jan 2024 highs. Per Brandt, the bullish view will remain valid while prices exceed the past week’s low of around $50,500.