Veteran trader and chartist Peter Brandt predicted on Thursday an “investable low” for Bitcoin (CRYPTO: BTC) later in the year, followed by a major cyclical high in 2029.
The Story Of Tops And Bottoms
Brandt, a technical analyst with nearly 50 years of experience, based his prediction on the historical accuracy of its 15-year cyclical patterns.
They projected an “investable low” in September or October 2026, which may or may not “penetrate” February 2026 lows around $60,000.
Moreover, if the patterns persist, Brandt expected the next major high between $300,000 and $500,000 in late 2029.
What Other Analysts Are Saying
Brandt’s prediction broadly aligned with the views of other well-known analysts.
Benjamin Cowen, for instance, compared the current cycle to previous ones, noting that Bitcoin has historically bottomed out about a year after peaking. Based on that framework, he identified October 2026 as a base-case timeline for a market bottom.
Earlier this month, Ali Martinez identified $43,647 as Bitcoin’s “extreme pain” threshold, where sellers would be fully exhausted.
A Major Long-Term Bullish Signal?
In other news, Admiral Samuel Paparo, the Commander of the United States Indo-Pacific Command, confirmed that the military is actively running a live Bitcoin node and conducting operational network security tests on the protocol.
He described Bitcoin as a “peer-to-peer, zero-trust transfer of value” and called it a meaningful tool in computer science for American power projection.
Price Action: At the time of writing, BTC was trading at $77,902.36, down 0.42% over the last 24 hours, according to Benzinga Pro data.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock
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