Bitcoin won’t hit $200K until Q3 2029: Veteran trader Peter Brandt

[Oshosondy]

Can this be true or something good can happen before that time which will make bitcoin hit $200000?

With what this man said, I know he did not just come to his conclusion but make use of analysis to make the conclusion. Many people only come with hype.

https://cointelegraph.com/news/bitcoin-price-prediction-q3-2029-peter-brandt-analyst

Do you think bitcoin can get to $200000 faster before 2029?

[Derekfunds]

I guess the last all time high (ATH) of Bitcoin was close to $130k or more and so if this is subtracted from $200k then we would have about $70k so I think Bitcoin can achieve this great height within this interval of time I mean 2029, that is roughly 3 years from now because the year 2025 is almost over just a month  and some days left. Though this is just a speculation and there is nothing certain on speculation because they are mere prediction but with the potential of Bitcoin and considering this massive Dip we are seeing I think if it is surging it will go more than this Dip. I will be anticipating to see what it will look like then.

[Majestic-milf]

 In 2021, Bitcoin hit the first biggest ATH when it moved to $64,800 and I bet you, as at then, no one would have thought it would get to $100k even though that was the desired price but then it took 3 years interval for us to experience the first $100k milestone in November 2024 so what I'm driving at is that it took three years for us to achieve $100k, probably, we'd have to wait for 4 this time before we get to see that amount taking into consideration that before then, the next Bitcoin halving will take place so yeah, maybe Peter's prediction could occur.

[Obim34]

The next halving should be around the Q2 of 2028, I think this person in his speculation is analyzing also based on market cycle.

If this speculation should be correct that means our bearish season starts from here, that is an end of bullish markets we've experienced so far.

To be precise in his article, Q3 of 2029 for Bitcoin to hit $200K, I don't fancy his speculation. I believe it won't take that long to hit $200K in the market, by that Q3 of 2029 our gaze should be on $300K as our new time high.

[Fiatless]

Do you think bitcoin can get to $200000 faster before 2029?

Although nothing is certain, I don't see Bitcoin reaching $200k before the end of this year. Those who are making the prediction have their reasons. However with the economic uncertainties caused by the tarrif spat, US shut down and military actions in some countries, that price might not be possible. Hope was placed on the Feds reducung interest rates next month. For now, the probalility that the Feds will maintain interest rates is higher. In my own view Bitcoin will hit that price in the next bull market. 

[Ojima-ojo]

In 2021, Bitcoin hit the first biggest ATH when it moved to $64,800 and I bet you, as at then, no one would have thought it would get to $100k even though that was the desired price but then it took 3 years interval for us to experience the first $100k milestone in November 2024 so what I'm driving at is that it took three years for us to achieve $100k, probably, we'd have to wait for 4 this time before we get to see that amount taking into consideration that before then, the next Bitcoin halving will take place so yeah, maybe Peter's prediction could occur.

Very clear no one can tell when the price of Bitcoin will reach an all time high price for that reason we need to prepare and position ourselves to take a better position when the time comes, let say you make an early decision to wait and hold whatever Bitcoin you held for at least after one halving before the thought of selling it off at that time.

[Awaklara]

Bitcoin could possibly reach $200k before 2029. However, it might require a moment where there is significant adoption that truly changes the market situation in the coming years. But who knows what will happen in the future. We are speculating now, and even with some research, we are sometimes influenced by our own desires. We also might not see Bitcoin at $200k in Q3 2029, but rather at the beginning of 2030. Just speculating.

[Churchillvv]

Bitcoin not hitting $200k until 2029 is arguable but then even though we argued that his analysis could b correct but then none has a perfect prediction or speculation on how bitcoin will operate in the next few years bitcoin today is seeming unpredictable or speculatively difficult.

Even though one is a vet on trading still he could be wrong in so many ways so it’s best we just not hope thing but make our own speculations.

[Mrbluntzy]

Brandt have done analysis using different factors to compare and contrast and I don't have much analytical tools but I also knows that he could be wrong because it is possible a new development to come up and it will activate the price of Bitcoin and before that 2029 it might already reach $200k, I'm not saying that Bitcoin will reach $200k in 2029 and I'm not sure that it will take up to 2029 before Bitcoin reaches $200k but from the history, I just assume that anything is possible, on or before or after 2029, Bitcoin will hit $200k.

[Sammye3]

Can this be true or something good can happen before that time which will make bitcoin hit $200000?

With what this man said, I know he did not just come to his conclusion but make use of analysis to make the conclusion. Many people only come with hype.

https://cointelegraph.com/news/bitcoin-price-prediction-q3-2029-peter-brandt-analyst

Do you think bitcoin can get to $200000 faster before 2029?

We can only speculate but not predict the actual price of Bitcoin in 2029, it could hit $200k sooner than we expect or take a longer time.

Instead of speculating and predicting, it's best we take every opportunity to stack up those coins and get prepared for the miracle moment we've all being praying for.

Bitcoin is on it's bear run and it's the best time to buy more, not a moment to panic and sell out of fear as it's only a preparation phase.

[passwordnow]

Can this be true or something good can happen before that time which will make bitcoin hit $200000?

With what this man said, I know he did not just come to his conclusion but make use of analysis to make the conclusion. Many people only come with hype.

https://cointelegraph.com/news/bitcoin-price-prediction-q3-2029-peter-brandt-analyst

I remember Peter Brandt, he's one of the predictors of $100k long time ago and it finally did. I think that I should give this man a prop and he's a really veteran trader. While he's predicted it and it happened, this doesn't mean that everything he's say should people believe with. But his predictions are with a timing and with basis.

Do you think bitcoin can get to $200000 faster before 2029?

If it's that year then it make sense because that's the bull run, and if it means faster then by 2028 is possible. We will never know and people should by this time now is to accumulate even more before the current bull run ends.

[BitMaxz]

Do you think bitcoin can get to $200000 faster before 2029?

That is possible because it marks the start of a new cycle, similar to what occurred during the current cycle.
This protrader uses historical data to forecast possible prices; they do not make random guesses, and I believe we could see more than $200k during that cycle.
Remember the old cycle where the last ATH price was around $60k? It has already doubled this year. So we could get $200k or more; it should be double the previous ATH. If the price at that time is still following the old cycle, we should see around $250k.

[l99l]

I think he's saying this with an eye on the next halving. In his opinion, we saw a record price for this halving, and he interpreted it as "it's all over." Is this realistic? Perhaps we'll see a resurgence with a final pullback, who knows?
I'd never heard of Peter Brant before. It's important to remember that even the best traders can make mistakes.
I know many people still believe we will see new ATH.

[AVE5]

With what this man said, I know he did not just come to his conclusion but make use of analysis to make the conclusion. Many people only come with hype.

You can use whatever tons of analysis to win your faith that he's right, I'd love to tell you for free that he's only Speculating as others with their low key analysis.
Bitcoin price is unpredictable so there's not going to be a special and situated place for some so called professional analysts why after their diagnosis with their tools and skills they'd still not get it right.
Arthur also won some of us heart so we've to believe on what Peter says now? No nah. Looks like these respectful analysts and economists is just there the ones there manipulating our emotional sense of actions in the market.

[LogitechMouse]

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https://cointelegraph.com/news/bitcoin-price-prediction-q3-2029-peter-brandt-analyst

Do you think bitcoin can get to $200000 faster before 2029?

I can't remember the day, but Tom Lee made his prediction on the price of Bitcoin and Ethereum before the end of this year, and this is what he says: https://decrypt.co/348921/tom-lee-100x-ethereum-supercycle-bitcoin-bitmine-adds-eth

Lee, who was an early Bitcoin bull, has remained bullish on year-end predictions. In early November, he suggested that Bitcoin could run to $150,000-$200,000 before the end of the year, with Ethereum potentially rising to $7,000.

As an investor, this is impossible now especially with where the price of both Bitcoin and Ethereum is. What's my point, analysts can say their prediction, and will have the same odds as us retail investors.

Like what I'm always saying, anybody can make their own prediction. Just add some explanation and that's it. I can predict that Bitcoin will reach a million in 2029, and I'll just add one explanation to it. Same with other people here. Now it's just so happen that Peter Brandt is more famous than us that's why news outlet like Cointelegraph are making articles on their prediction, but the reality is, the odds of his predictions is just the same as our predictions.

Now to answer the question, Bitcoin to $2,000,000 in 5 years for me is impossible just by looking at the price movement of Bitcoin ever since it started. Let's also not forget that the higher the price of Bitcoin is, the harder for it to go up as well as we need more liquidity or money so that the price increases.

[adaseb]

We’ll assume we are still in the 4 year cycles. The cycle low usually takes 1032 days to reach the peak. Assuming we reached the peak in Oct 6th which was very close to the 1033 day low of FTX crash. Assuming we bottom in 364 days which is Oct 5th 2026. Add 1034 days to that day and it results in August 9th 2029, so it seems spot on.

I didn’t click the link or read the article but so far there is no indication that the 4 year cycle is dead. Bitcoins actually lately reminds me off the bearish days of 2018 and 2022. Hopefully I am wrong but with the AI bubble it seems the markets are very risky at the moment.

[Doan9269]

It's more obvious that bitcoin may not reach $200,000 this bull season, but there could be hope of getting to $130k to $150k this year or beyond ad the market behaves, but we should never forget it that opportunity may still comes in at any time, which may stem in from this time henceforth towards the next year making it more highly volatile, these are times we should get engaged more with the market to know as it's performs and make our way in.

[Swordsoffreedom]

The next halving should be around the Q2 of 2028, I think this person in his speculation is analyzing also based on market cycle.

If this speculation should be correct that means our bearish season starts from here, that is an end of bullish markets we've experienced so far.

To be precise in his article, Q3 of 2029 for Bitcoin to hit $200K, I don't fancy his speculation. I believe it won't take that long to hit $200K in the market, by that Q3 of 2029 our gaze should be on $300K as our new time high.

As op said, Peter Brandt’s prediction is the result of analyses based on his experience. And you, do you do any analysis, or is it just a guess based on your emotions?

Bitcoin hit $69k in 2021 and more than four years later, it's at $126k, meaning it hasn't even doubled. How can Bitcoin nearly triple and hit $300k in just 4 years?

Given what has happened in this cycle, bitcoin price is up just over 80% from the previous cycle peak. I completely agree with his prediction and it is completely reasonable, unlike predictions based on emotions, expectations and exaggerations of all of us. None of our predictions are accurate, so we should be more realistic and stop fantasizing.

[d5000]

200,000 will happen once the Bitcoin market changes and Bitcoin ceases to be a completely speculative asset and transforms into a reliable store of value. Only this way it can compete with gold and silver, and not stay just a giant pennystock.

One step towards this will be that people have to end to think in "4 year cycles". 4 year cycles are not backed by any relevant metric, because halvings don't matter anymore (miners importance as sellers is tiny, 0.1% or less of the daily volume).

What matters is the demand/supply equilibrium. And thus mass psychology is much stronger than any halving induced price increase.

But if people continue to be afraid of 4 year cycles then Bitcoin will crash every 4 years because every Novermber/December 2025/29 etc. will be months of negative sentiment. Institutionals are not as much a help for this as some think. And then it will never be a reliable store of value. And it would be a miracle if it gets to $200,000 this way. If Bitcoin stays speculative then it will reach 200k at its earliest in the 2030s.

[michellee]

That could be faster before 2029 since many things can happen in crypto. We agree that no one knows exactly when that happens and we could only wait and see.

With the last ATH at $125k this year and dips potentially below $70k, it seems we need to wait a while.

But the lowest price of Bitcoin in the bear market could be between 35k and $65k or 45k and $75k. But that can go to any lowest price.

We may see many speculations come out, so prepare yourself and enjoy the ride