Peter Brandt Says Bitcoin Could Reach $200,000, Just Not Anytime Soon
Veteran dealer Peter Brandt has forecasted that Bitcoin (BTC) may attain $200,000. However, there’s a catch. The timeline is much from fast, with the goal anticipated to be reached round 4 years from now.
This comes as the biggest cryptocurrency has continued its 2-month slide, now buying and selling at lows final seen in late April.
Bitcoin Price Prediction: Peter Brandt Maps Out When Bitcoin Could Break Higher
Bitcoin’s worth motion is transferring within the exact opposite direction of what the market anticipated. This autumn has traditionally delivered robust upside, averaging returns of 77%, but this yr it has pushed BTC to multi-month lows.
The asset has now fallen almost 24% to date in This autumn 2025. As BeInCrypto reported yesterday, Bitcoin slipped below $87,000 amid whale sell-offs and market liquidations.
The downtrend deepened at the moment, with the value dropping to $85,281 throughout early Asian buying and selling hours. At the time of writing, Bitcoin was buying and selling at $85,976, representing a 6.97% decline over the previous 24 hours.
According to Brandt, BTC may fall additional, suggesting that current worth motion could sign the early stages of a bearish phase.
“Does a sweeping reversal ((Nov 11) adopted by 8 days of decrease highs and the completion of an enormous broadening high qualify as a bear market?” he said.
The dealer outlined potential downside targets at $81,000 and $58,000. The latter degree would characterize a major retracement from the present worth
“Those who now declare they are going to be huge patrons at $58,000 will likely be pukers by the point BTC reaches $60,000,” he added.
While short-term patterns could point out corrections, Brandt affirmed that he nonetheless owns 40% of the biggest Bitcoin place he has ever held, and his bullish outlook for the long run stays unchanged. He argued that current “dumping” is without doubt one of the finest developments for Bitcoin.
“The subsequent bull market in Bitcoin ought to take us to $200,000 or so. That must be in round Q3 2029,” Brandt remarked.
This represents a considerably longer timeline than many initially anticipated, as a number of analysts had initially believed Bitcoin would reach this price level by 2025. However, Bitcoin’s current efficiency and broader market situations have led consultants to revise their forecasts downward.
For occasion, ARK Invest CEO Cathie Wood reduced her long-term Bitcoin goal from $1.5 million to $1.2 million by 2030. Galaxy Digital’s Alex Thorn additionally lowered his expectations, slicing his year-end Bitcoin forecast from $185,000 to $120,000.
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