Peter Brandt Predicts Bitcoin Could Reach $250,000 by Late 2029
- Veteran trader Peter Brandt forecasts Bitcoin may rally to $250,000 by late 2029.
- Brandt anticipates a long bottoming process lasting until September or October of 2026.
- Historically, Bitcoin bull runs peak about 16 to 18 months after mining reward halvings.
- The last halving occurred in April, reducing the block reward from BTC6.25 to BTC3.125.
- Since early February, Bitcoin’s price has increased over 25%, reaching approximately $80,300.
Brandt’s analysis is based on historical patterns in the mining cycle and price movements of Bitcoin, suggesting that if these trends continue, a significant price increase could follow the anticipated bottoming phase.
His prediction indicates that the current market dynamics could lead to a high of $250,000 for Bitcoin by late (Source).
