What is Peter Brandt predicting for Bitcoin’s price?

Peter Brandt predicts Bitcoin could reach $250,000 by 2029. However, he expects this to happen only after a prolonged bottoming phase that may last until late 2026. This implies a delayed bull run rather than an immediate breakout.

Why does Peter Brandt think Bitcoin won’t bottom until 2026?

Brandt bases his view on Bitcoin’s historical four-year halving cycle. He believes the current bear phase could last about a year after the 2025 peak, with a bottom forming around September or October 2026. This aligns with previous cycle patterns rather than recent bullish sentiment.

What is Bitcoin’s halving cycle and why does it matter?

Bitcoin’s halving reduces mining rewards every four years, cutting new supply. Historically, bull markets peak about 16–18 months after a halving, followed by a bear market. Investors track this cycle closely because it has consistently influenced long-term price trends.

How does this forecast compare to other crypto analysts?

Many analysts believe Bitcoin already bottomed around $60,000 in early 2026 and has started a new uptrend. Brandt disagrees, suggesting the market may still be in a consolidation or late bear phase. This highlights a clear split in market outlooks.

What price range could Bitcoin revisit before the next rally?

Brandt said a worst-case scenario could see Bitcoin fall back into the $50,000 to high-$40,000 range. However, he also noted prices may not necessarily break recent lows. Instead, the market could move sideways with volatility before forming a bottom.

What does “bottoming phase” mean for Bitcoin investors?

A bottoming phase refers to a period where prices stabilise after a decline but lack clear upward momentum. It often includes choppy price action with rallies and pullbacks. For investors, this can be a slow accumulation period rather than a strong trend.

Is Bitcoin currently in a bull market or bear market?

That depends on interpretation. Brandt suggests Bitcoin is still in a broader bearish or consolidation phase, while others argue a new bull run has already started. This uncertainty makes the current market environment more complex for traders.

How has Bitcoin performed recently?

Bitcoin has risen more than 25% since early February to around $80,300. This rally has led some analysts to call the start of a new uptrend. However, Brandt views it as part of a larger consolidation rather than a confirmed bull market.

Peter Brandt sees Bitcoin $250K after 2026 bottom

Written by Isaac FrancisPublished May. 4 2026Last Updated May. 4 2026

Veteran trader Peter Brandt said Bitcoin could rally to $250,000 by 2029, but only after completing a prolonged bottoming phase that may last into late 2026.

The projection is based on Bitcoin’s four-year halving cycle, where bull markets typically peak 16 to 18 months after a halving and are followed by year-long bear markets before the next uptrend begins.

“I am not calling for a low until Sep/Oct 2026… Then blast off for $250k and a high in late 2029,”

Said Brandt.

The latest cycle followed this pattern, with Bitcoin peaking in October 2025 roughly 18 months after the April 2024 halving, before entering a corrective phase.

Brandt said prices could trade sideways with intermittent rallies and pullbacks rather than falling sharply, with a worst-case scenario seeing Bitcoin revisit the $50,000 to high-$40,000 range, and following the announcement the Bitcoin price was up 25% since February at $80,300.

His outlook differs from many crypto analysts who argue the market bottomed near $60,000 in February and has already entered a new uptrend.

Brandt added that his forecast depends on historical patterns holding, noting he would revise his view if Bitcoin’s price action deviates from its established cycle.

At the time of reporting, Bitcoin price was $79,921.73.