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Peter Brandt Says Bitcoin Bottom Could Last Into Fall 2026, Sets $250,000 Target for 2029

The veteran trader ties the outlook to bitcoin’s recurring halving cycle.

Overview

  • Brandt, who outlined his view Monday, said he does not expect a definitive low before September or October 2026.
  • Bitcoin has climbed more than 25% since a February trough near $60,000 and trades around $79,000 to $80,300, still below the October 2025 peak near $126,000.
  • His roadmap follows past patterns where rallies tended to top 16 to 18 months after a halving, with the last halving in April 2024 and the next due in April 2028.
  • He says the market could chop in a wide range and does not need to break February’s low, though he flagged a possible slide into the $50,000s or high $40,000s before any long run higher.
  • This stance contrasts with analysts who say a new uptrend began in February, and he adds he will change his view if prices stop tracking the historical script.