Peter Brandt says Bitcoin lacks bottom, projects $300k-$500k in 2029

2 min

Peter Brandt sketches a conditional path for Bitcoin: a low in Sep or Oct 2026, then a peak at $300k–$500k in Sep or Oct 2029. He says the current setup “does not look like a bottom.”

Brandt ties the targets to one condition. Cycles must keep holding. He wrote that an “investable low” is due in Sep/Oct 2026 and the next high in Sep/Oct 2029 at $300k–$500k. He notes the path remains incomplete.

He pushed back on a “Short Re-Accumulation” read. “This does not look like a bottom.” The chart he replied to shows fading volume on upticks and repeated tests of local highs.

Key levels now
- Invalidation above about $80.5k
- 365‑day average near $87k
- Late‑Feb washout toward $60k
- Nearby areas at $76.5k, $72k, low‑$80ks
- Spot last at $78,196

Aksel Kibar’s take is process, not prediction. Patterns evolve. “We can’t be dogmatic about our analysis.” A wedge can become a channel. His chart shows several rejections at an upper channel line and price still below rising resistance and the 365‑day average.

Bitcoin channel and resistance map