Veteran trader Peter Brandt says Bitcoin’s (CRYPTO: BTC) bottom may have arrived earlier than his cycle model predicted.
Brandt, who had been looking for a tradable Bitcoin low around Oct. 4, told CoinTelegraph in an interview on Sept. 25 that the market may instead have established its bottom in late June before consolidating through July and August.
This forced Brad to reassess his timing, while raising the possibility that a new bull market is already underway.
Brandt said his previous cycle forecast missed Bitcoin’s turning point by roughly six to eight weeks.
He still sees the risk of an early-October correction toward $65,000 to $68,000—and potentially as low as $61,000—which could flush out late buyers, who chased the recent rally above $84,000, before another recovery.
Brandt pointed out that he prefers following price action rather than assigning macro narratives to market moves.
His longer-term outlook is considerably more bullish.
If the June low holds, he sees the new bull cycle potentially extending into late 2029, with Bitcoin reaching $300,000 to $600,000.
Brandt said Bitcoin could trade around $200,000 to $250,000 by early 2029, using previous cycle structures and the expected 2028 halving as a framework for estimating the next market peak.
For investors seeking crypto exposure, Brandt continues to favor established assets over newer tokens.
He sees Bitcoin as the core crypto holding, with smaller allocations to Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL), while cautioning against chasing newly launched tokens.
He expects all three assets could rise in the next cycle but flagged quantum computing and potential government restrictions as long-term risks.
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