Peter Brandt: BTC could hit $250K by 2029, bottom this year

Veteran trader Peter Brandt predicted that Bitcoin (BTC) could reach approximately $250,000 by 2029, CoinDesk reported. He suggested the market bottom is likely to form in September or October of this year. Brandt noted that while BTC does not necessarily have to retest its recent lows, a period of sideways trading or a further decline could follow any rebound. In a worst-case scenario, he said a return to the $40,000-$50,000 range is possible. However, Brandt added that he would revise his forecast if the price action deviates from previous halving cycles.