Peter Brandt, a trader with 51 years in the markets, is calling for Bitcoin to bottom around $40,000 to $50,000 in early October before launching into a rally that pushes the price above $250,000 by 2029. The forecast comes as the crypto market continues to navigate a prolonged bear cycle.
The forecast in detail
Brandt expects the bottom to hit in early October, with Bitcoin trading in the $40,000 to $50,000 range. From there, he sees a multiyear rally that eventually takes the asset above $250,000 by 2029. That's a roughly fivefold increase from the bottom range — if it plays out.
Why Brandt's call carries weight
Brandt has been trading markets for 51 years. That kind of longevity in the business is rare. He's seen multiple boom-and-bust cycles across commodities, currencies, and crypto. While no one can predict the future, his track record means people pay attention when he makes a bold call.
The bottoming process
The predicted bottom range of $40,000 to $50,000 is significant. Bitcoin has already fallen sharply from its all-time highs, and a move into that zone would represent a further decline from current levels. Brandt's timing — early October — gives the market a specific window to watch. If Bitcoin holds above that range, it could signal the start of a new cycle.
A long-term view
The $250,000 target by 2029 is ambitious but not unprecedented in crypto bull market projections. Brandt's multiyear rally thesis suggests he believes the structural drivers for Bitcoin remain intact, even if the short-term pain isn't over. He didn't specify what would trigger the rally, but his long-term bullish outlook is notable given his experience.
What to watch for
All eyes will be on early October. If Bitcoin approaches the $40,000 to $50,000 zone around that time, Brandt's bottom call will be put to the test. A bounce from there could set the stage for the next leg up. If it breaks lower, the forecast is wrong. Either way, the market will have a clear signal to trade on.
