Brandt Sees Bitcoin at $250k by 2029, After a Long Bottom

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Markets

What to know:

  • The old hand Peter Brandt speaks in a voice that smells of leather and chalk: bitcoin may climb to $250,000 by late 2029, yet only after a bottoming saga that could linger until September or October 2026.
  • He trusts the stubborn four-year Halving rhythm, where the bull’s song usually swells 16 to 18 months after a halving and the bottom sighs a year after the peak, like a tired poet finishing a long stanza.
  • His forecast stands in defiant contrast to those analysts who declare the bear long buried in February; and he promises to revise his map if price action dares to misbehave, as if charts were capable of receiving scoldings from a stern uncle.

Markets feel the weight of a prophecy spoken by a veteran who has watched storms roll in since the seventies, when screens were fewer and the futures breathed differently. The tale of bitcoin unfolds like a stubborn river, its course measured by cycles and by the quiet patience of those who wait for a hopeful dawn.

That forecast rests upon the patient arithmetic of cycles, a rhythm as old as money itself, where time and toil trade whispers and the market answers with a shrug or a shout.

Historically, bitcoin bull runs have peak moments around 16 to 18 months after the quadrennial halving, then retreat for a year in the company of shadows. New uptrends tend to begin 12 to 18 months before the next halving, as if the future tips its hat and slips silently past the door.

In the most recent cadence, bitcoin seemed to crown a peak in October 2025, about 18 months after the April 2024 halving cut the miners’ reward to 3.125 BTC from 6.25. If the pattern holds, the bear should bottom roughly a year later, around October 2026, and a fresh ascent could lift the price toward $250,000 in late 2029, about 18 months after the April 2028 halving.

“I am not calling for a low until Sep/Oct 2026. It is not necessary for the recent low to be penetrated. We could get a rally and then chop sideways to down. Worst case would be a move back into the lower green banana peel which would be into the 50s, maybe high 40s. Then blast off for $250k and a high in late 2029,” Brandt told CoinDesk in an email.

Peter Brandt is a veteran commodities trader whose career stretches nearly five decades, beginning in the 1970s amid the noise of futures markets. He traded the old-fashioned fare-agricultural goods, metals, currencies-long before electronic whispers and digital assets learned to speak in green digits.

Brandt’s view stands apart from the chorus of crypto analysts who insist the downbeat that began at the October peak near $126,000 ended in February at around $60,000, and that the rally since then is the awakening of a new uptrend.

Bitcoin has rallied over 25% to $80,300 since early February, CoinDesk data show.

Note that Brandt’s forecast of no bottom until later this year does not necessarily imply a deeper descent that would push prices below the February low. As he has noted, prices could move in a chiaroscuro of rallies and pullbacks before finally forming a bottom.

Brandt, however, stressed that his projection depends entirely on the market continuing to follow its historical rhythm. If price action deviates, he’s prepared to reassess rather than defend a fragile thesis.

“As long as the market follows the script I will stay with my projections. If at some point the price discovery moves off script I will be forced to revise all my thinking. I will NOT be dogmatic about it as some are,” he said.

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2026-05-04 07:53