Veteran trader Peter Brandt draws a long-term path for Bitcoin that shows an increase that could be between $ 300,000 and $ 500,000 by the end of 2029, although he still argues that the market has not yet created the kind of products that are stable at the bottom.
In a post on X, Brandt wrote that: “Does Bitcoin continue with the most interesting cyclic structure of any market in the last 15 years, and the investable low is planned for Sep/Oct 2026. The low is probably or beyond the low Feb 2026. The next high (should continue) will be between $300k and 20200 $ Sep/00.
Therefore, Brandt’s target is one condition: that Bitcoin continues to respect the cyclical behavior he says has defined the economy in the past decade and a half. This leaves the long-term setup to do a lot of work. Ahead of any 2029 events, Brandt points out that the current situation still seems insufficient.
Why Brandt Isn’t Calling Down on Bitcoin Yet
This skepticism came to light in his reaction to a chart posted by JDK Analysis. Brandt replied bluntly: “This doesn’t look like the floor.”
Collaborative Reading
JDK’s chart suggested that the recent trend has the appearance of a “Short Rebound,” but in a possible way. The expert wrote, “As long as the bulls fail to show clear strength and follow through, the current low should not be too low.”
The setup showed repeated tests of local upswings, increased volume as prices rose, and unacceptably high prices around $80.5K, while suggesting that continued declines remain a viable option if buyers fail to force a clean break.
Brandt also expanded on renowned historian Aksel Kibar, calling him “the best chart analyst available today.” Kibar’s reading of the market was less about forecasting than policy, but the message was the same: construction is stable until the price proves it.
Collaborative Reading
“I am sometimes criticized by the followers who are in charge and want to see changes that prove that they are ‘changing’ the border,” said Kibar. “Well, since the market is giving new information that we need to change. We can’t say for sure about our analysis. What looks like a mill, can be a channel. What looks like a bearish continuation can cross the border of the channel that requires action.”
That comment was linked to a BTC chart showing exactly the type of morphing. What at first appeared to be an uphill climb was reinterpreted as a well-known route, with several rejections at the upper limit.
The chart also shows that Bitcoin is still trading below the upward resistance line and the 365-day low near $87,000, with a wash at the end of February at $60,000 followed by a retracement to the upper $70,000. Closer levels around $76,500, $72,000 and the low-$80,000s appeared amid the current battle.
At press time, BTC traded at $78,196.
Graphic design by DALL.E, chart from TradingView.com
