Veteran trader Peter Brandt has once again sparked discussion in the crypto market with a bold long-term outlook for Bitcoin (BTC). According to his latest analysis, Bitcoin could potentially reach $250,000 by 2029 â but not without a challenging phase in between.
đ A Prolonged Bottoming Phase Expected
Brandt suggests that before any major upward move, the market may enter a long consolidation or âbottomingâ period, which could last until September or October 2026. During this phase, Bitcoin may experience sideways movement, pullbacks, and volatility, rather than a straight recovery.
In extreme scenarios, he notes that BTC could retrace to the $50,000 or even $40,000 range, although this is not guaranteed.
đ The Four-Year Halving Cycle Still Holds
Brandtâs outlook is based on Bitcoinâs historical four-year halving cycle, which has shaped market behavior for years:
Bull markets typically peak 16â18 months after a halving
A bear market follows the peak
A new cycle begins 12â18 months before the next halving
Following this pattern, the current cycle â which started after the April 2024 halving â could see its peak around October 2025.
đ What Comes Next?
If history repeats, the next market bottom may form in late 2026, setting the stage for another long-term bullish phase.
However, Brandt emphasizes that his model is not fixed. If Bitcoinâs price action breaks away from historical patterns, he is ready to adjust his outlook accordingly.
âïž Market Opinions Are Divided
Not everyone agrees with this cautious approach. Some analysts believe that Bitcoin has already started a new upward cycle after rebounding from its February lows. The key question remains:
đ Will Bitcoin continue to follow its traditional cycle, or is the market evolving into something new?us
đ§ Final Thoughts
While the idea of Bitcoin reaching $250K is exciting, the road ahead may not be smooth. Investors should stay aware of market cycles, manage risk, and avoid relying solely on historical patterns.$BTC $