Peter Brandt reassesses Bitcoin cycle after possible late-June bottom

  • Peter Brandt reassessed Bitcoin’s cycle timing after identifying a possible late-June market bottom.
  • Brandt sees $300,000 to $600,000 by late 2029 if the June low holds.
  • Brandt flagged an early-October correction toward $65,000 to $68,000, or $61,000.

Peter Brandt said Bitcoin may have established its market bottom in late June, earlier than his cycle model’s projected Oct. 4 low. He told CoinTelegraph on Sept. 25 that the market’s consolidation through July and August forced him to reassess the timing by roughly six to eight weeks and raised the possibility that a new bull market is already underway. Brandt still sees a potential early-October correction toward $65,000 to $68,000, with a deeper decline to $61,000 possible, after Bitcoin’s rally above $84,000. If the June low holds, he sees the next bull cycle extending into late 2029, with Bitcoin potentially reaching $300,000 to $600,000 and trading around $200,000 to $250,000 by early 2029. His framework incorporates prior cycle structures and the expected 2028 halving. Brandt favors Bitcoin as the core crypto holding, with smaller allocations to Ethereum and Solana, while warning against newly launched tokens and identifying quantum computing and potential government restrictions as long-term risks.

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