2029 Is The Next BTC Peak, Brandt Predicts

While the crypto industry oscillates between volatility and hopes of a rally, Peter Brandt, a respected figure in technical analysis, cools down the enthusiasm. Unlike the euphoric forecasts of some sector leaders, he believes that bitcoin will not cross $200,000 before the third quarter of 2029. Such a projection questions the solidity of short-term bullish scenarios and invites a reconsideration of the real pace of market cycles.

A forecast that breaks the mold: Peter Brandt bets on 2029

In a message published this November 21 on X, Peter Brandt, experienced trader and recognized technical analyst, cooled hopes of a rapid rise of bitcoin.

Contrary to the many optimistic predictions flourishing in the crypto ecosystem, he believes the $200,000 threshold will be reached only in the third quarter of 2029.

“The next bitcoin bull market should take us around $200,000. This should happen toward the third quarter of 2029,” he said.

Brandt nevertheless specifies that he remains “convinced of bitcoin’s long-term bullish potential,” but his reading of market cycles remains cautious. This statement comes as several influential figures in the industry anticipate a much closer threshold, sometimes even in the very short term.

Here is an overview of competing projections to Brandt’s forecasts:

• Arthur Hayes, co-founder of BitMEX, and Tom Lee, president of Fundstrat and founder of BitMine, recently bet on a bitcoin at $200,000 as early as the end of this year;

• Brian Armstrong, CEO of Coinbase, and Cathie Wood, CEO of ARK Invest, aim for a BTC at $1 million by 2030, a projection five times higher than Brandt’s, with only a quarter’s difference;

• These estimates have all been reaffirmed over the past few months, notably by Hayes and Lee last October.

Peter Brandt’s stance therefore contrasts sharply with the dominant trend, which sees every market dip as an opportunity for a rapid rise. His approach, rooted in the technical analysis of long-term cycles, serves as a reminder that excess enthusiasm can be premature.

Far from giving in to herd mentality, Brandt takes the opposite view of the dominant narrative and proposes a slower, more structural, and possibly more realistic reading of the market’s evolution.

A salutary dumping: a technical reading of the current retreat

Beyond the quantified projections, Peter Brandt also offers a technical reading of the current context, marked by a strong market correction.

Bitcoin, after reaching an all-time high of $126,000 in October, began a gradual fall, losing more than 20% over the last 30 days, settling around $86,000.

Far from worrying, Brandt sees this as a healthy development. “This drop is the best thing that could happen to bitcoin,” he said, suggesting that a market purge phase is not only expected but necessary to lay the foundation for a future sustainable rally.

He strengthens his position by drawing an unexpected historical parallel with the soybean seed market in the 1970s. At that time, he explains, a sharp rise in prices was followed by a 50% collapse as global supply exceeded demand.

“In the 1970s, soybeans formed a similar peak, then fell by 50% in value,” he recalls, referring to a similar dynamic in the current BTC chart structure. This type of pattern, known to technical analysts, corresponds to deep consolidation cycles before a new bullish phase.

If Peter Brandt’s analysis proves correct, the bitcoin price could evolve in a much slower cycle than anticipated. Enough to reshuffle the cards for investors who are too impatient and remind that patience remains an essential component of this still young and unpredictable market.