Peter Brandt sees Bitcoin reaching $250,000 in 2029 after 2026 bottom
Updated
Updated · CoinDesk · May 4
Peter Brandt sees Bitcoin reaching $250,000 in 2029 after 2026 bottom
12 articles · Updated · CoinDesk · May 4
He says the market may not bottom until September or October 2026, with a worst-case retreat into the $50,000s or high $40,000s before rebounding.
Brandt bases the call on Bitcoin's four-year halving cycle, noting the latest bull market peaked in October 2025 about 18 months after the April 2024 halving.
His view differs from analysts who say the bear market ended near $60,000 in February; Bitcoin has since risen more than 25% to about $80,300, and he says he will revise if patterns break.
Beyond historical cycles, what fundamental drivers could actually propel Bitcoin to Brandt's $500,000 target by 2029?
With on-chain data signaling a bottom, will Peter Brandt’s historical chart patterns prove obsolete in the Bitcoin ETF era?
Peter Brandt's Cautious Bitcoin Outlook: Potential Drop to $58K-$62K Before $250K Peak in 2029
Overview
Peter Brandt offers a cautious view on Bitcoin's near-term outlook, warning of a potential drop to $58,000-$62,000 and dismissing the idea of a $250,000 surge in 2026. He highlights key support levels at $63,000 and the long-term "banana peel" support near $42,000, which could mark a market bottom around September-October 2026, following the April 2024 halving event. Brandt expects a major bull run to start after this low, peaking near $250,000 by late 2029. However, evolving factors like institutional adoption, regulatory changes, and macroeconomic conditions could disrupt this cycle, making cautious risk management essential.