Peter Brandt Says Bitcoin Could Reach $200,000, Just Not Anytime Soon

Veteran trader Peter Brandt forecasts that Bitcoin (BTC) could eventually reach $200,000, but this is not expected to happen until around the third quarter of 2029, significantly later than many analysts previously predicted.

Brandt's comments come as Bitcoin is experiencing a two-month slide, trading near multi-month lows and down nearly 24% in Q4 2025, with the price dropping to $85,281 at one point. He suggested the recent price action might signal the early stages of a bearish phase, outlining potential downside targets at $81,000 and $58,000.

Despite the short-term bearish indicators, Brandt remains bullish long-term, stating he holds 40% of the largest Bitcoin position he has ever held and views the current market correction as beneficial for Bitcoin's future. This long-term target contrasts with other analysts who have recently lowered their forecasts, such as Cathie Wood reducing her 2030 target and Alex Thorn cutting his year-end forecast.

(Source：BeInCrypto)