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Brandt Predicts $250K Bitcoin by 2029
Description
Veteran trader Peter Brandt predicts Bitcoin to reach $250,000 by late 2029, following a prolonged bottoming phase until September or October 2026. This aligns with Bitcoins four-year halving cycles, where bull runs peak around 16-18 months after each halving. Brandts forecast contradicts the majority of analysts who believe the bear market ended in early February at around $60,000. He expects choppy rallies and pullbacks before the real bottom forms, with a worst-case scenario of dipping into the high forties or low fifties. Brandt will revise his forecast if the charts deviate from historical patterns.
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