Bitcoin Trader Predicts $250K Target for 2029, Cautions Extended Consolidation

Peter Brandt, a seasoned commodities trader with nearly five decades of market experience, has shared his comprehensive price trajectory for Bitcoin. He predicts that the cryptocurrency will reach $250,000 by the end of 2029.

Brandt's forecast is based on the analysis of Bitcoin's four-year halving cycle patterns, which have consistently demonstrated remarkable accuracy throughout its history. The trader notes that the current market may be experiencing a prolonged consolidation period, potentially lasting until September or October 2026.

The trader's assessment indicates that after reaching a peak around $126,000 in October 2025, Bitcoin will enter a bear market phase spanning approximately twelve months. This timeline would position a potential market bottom somewhere in the autumn of 2026, followed by a fresh uptrend heading into the April 2028 halving.