Peter Brandt expects Bitcoin to trade between $300,000 and $500,000 in September or October of 2029. Before that happens, he expects it to fall further. Brandt set out the forecast in a post
Peter Brandt expects Bitcoin to trade between $300,000 and $500,000 in September or October of 2029. Before that happens, he expects it to fall further.
Brandt set out the forecast in a post on X.
"Should Bitcoin continue with the most remarkable cyclic patterns of any market in the past 15 years, an investable low is scheduled for Sep/Oct 2026. That low might or might not penetrate the Feb 2026 low. The next high (should patterns continue) will be between $300k and $500k in Sep/Oct 2029."
Bitcoin traded at about $64,150 on Saturday. Brandt's upper target is roughly eight times that price. His lower target of $300,000 is about 4.7 times.
Brandt says the buying opportunity arrives in September or October of this year, two to three months away, and he says that low may or may not fall below Bitcoin's February low. That low was $59,957, reached in the first week of February at the end of a 52% decline from Bitcoin's October 2025 peak.
Bitcoin currently sits about 7% above that level. Brandt is telling investors that the bottom of this cycle has not been set.
Brandt has traded futures since 1975. He started in agricultural commodities, metals and currencies, and he called the gold reversal of the 1980s. He works from classical chart patterns rather than fundamentals or news.
His best-known crypto call came in January 2018. Bitcoin was trading above $10,000. Brandt identified a double-top formation and said the price would fall below $4,000. Bitcoin closed that December under $4,000.
Brandt's view has shifted since the spring.
In May he told CoinDesk that he expected Bitcoin to reach $250,000, and that it would get there only after a bottom later in the year.
Technically, Brandt's method seems cyclical.
He wrote that Bitcoin has shown "the most remarkable cyclic patterns of any market in the past 15 years," and his projection extends those cycles forward. It does not rest on adoption, ETF flows or regulation.
"Should Bitcoin continue with the most remarkable cyclic patterns," he wrote, and then, "should patterns continue."
Brandt has been publicly critical of price forecasting, including his own. He has said that crypto traders "fool themselves" with price predictions, and he describes his chart work as a study of probability rather than prophecy.
Bitcoin has fallen more than 40% this year. It has recovered from the February low and is up in July, but it remains well below the October 2025 peak that began the decline.
Brandt said he would announce what he called "tradeable thrusts" through his Factor research service and Bitcoin Live.
