Bitcoin (BTC) Price Prediction: Peter Brandt Points to $250K but Says the Bottom Isn’t In Yet

TLDR

• Veteran trader Peter Brandt says Bitcoin could hit $250,000 by late 2029.
• He expects a prolonged bottom to form, possibly lasting until September or October 2026.
• Bitcoin has already rallied over 25% from its February low of around $60,000.
• Brandt’s forecast is based on Bitcoin’s historical four-year halving cycle.
• He says he will revise his outlook if price action moves away from past cycle patterns.

Veteran commodities trader Peter Brandt, whose career spans nearly five decades, has laid out a detailed price roadmap for Bitcoin. His target: $250,000 by late 2029. But he says the market still has a long way to go before that rally begins.

Brandt believes Bitcoin is currently in a bottoming phase that could drag on through September or October 2026. That timeline is not arbitrary. It comes directly from studying Bitcoin’s four-year halving cycle, which has repeated with enough consistency to form the backbone of his analysis.

In April 2024, Bitcoin’s block reward was cut in half — from 6.25 BTC to 3.125 BTC per block. According to historical patterns, bull markets tend to peak around 16 to 18 months after a halving. That put the most recent peak near October 2025, at around $126,000.

The Halving Cycle Framework

Following that peak, Brandt expects a bear market lasting roughly a year. That would place a bottom somewhere around the fall of 2026. A new uptrend would then develop in the lead-up to the April 2028 halving, potentially topping out at $250,000 in late 2029.

That means Bitcoin could drift between roughly $47,000 and $80,000 for more than a year before any major upside move begins.

Not all analysts agree. Many in the crypto space believe the bear market already ended in February, when Bitcoin bottomed near $60,000. Since then, BTC has climbed more than 25%, reaching around $80,300 as of early May 2026.

Brandt’s Flexible Approach

That willingness to adapt is notable in a market where forecasters often double down on wrong calls.

At current levels, Bitcoin trades near $79,740, still well below its 2025 peak.

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