Veteran trader Peter Brandt sees bitcoin hitting $250,000, but only after a bottom later this year
CoinDesk
Veteran trader Peter Brandt predicts Bitcoin could reach $250,000 by 2029, following a market bottom expected between September and October 2026.Summary
Veteran trader Peter Brandt forecasts that Bitcoin will reach $250,000 in late 2029, provided the cryptocurrency continues to adhere to its historical four-year halving cycle. Brandt anticipates a prolonged bottoming process lasting until September or October 2026, characterized by choppy price action rather than necessarily falling below previous lows. While his outlook contradicts current market optimism that a new uptrend has already begun, Brandt remains flexible, stating he will revise his thesis if market price discovery deviates from his established historical model.
(Source：CoinDesk)