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Senior trader Peter Brandt predicts that Bitcoin could reach $250k by the end of 2029, but this will only happen after a prolonged period of bottoming out, possibly not until September or October 2026.
His view is based on Bitcoin's four-year halving cycle in history, where bull markets typically peak 16 to 18 months after the halving and bottom out about a year after the peak.
Brandt's perspective is quite different from some analysts who believe the bear market ended in February. He emphasizes that if Bitcoin's price movement deviates from past cycle patterns, he will adjust his forecast.