Veteran trader Peter Brandt predicts bitcoin will rally to $250,000 in 2029, but only after the market completes a prolonged bottoming process extending into September 2026, according to Brandt’s statement.
Brandt forecasts bitcoin reaching $250,000 in 2029 following what he characterizes as a “long drawn-out bottoming process” that could persist until September 2026. The trader’s timeline suggests a multi-year consolidation phase before the anticipated rally.
Related News
CryptoQuant: Bitcoin's April Rally Was 'Speculative,' Spot Demand Weak
Bitcoin Hashrate Hits 3-Week High Post-Halving
Circle Surges 20% as Clarity Act Stablecoin Yield Compromise Advances
CryptoQuant: Bitcoin's April Rally 'Speculative,' Spot Demand Weak
CryptoQuant: BTC’s April rally was driven by perpetual futures, warning of correction risks