Feb 23, 2026
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BULLISH 📈 : Crypto Trader Predicts Bitcoin Will Hit $250,000 by 2029
Bitcoin's Price Outlook
- Veteran trader Peter Brandt predicts Bitcoin could reach $250,000 by late 2029.
- The prediction was shared in response to a chart by Scottie Pippen, showing similarities with Bitcoin's current structure.
- Brandt's chart suggests Bitcoin is trading within an upward-sloping channel, with $250,000 near the middle band by 2029.
- The chart indicates Bitcoin's macrostructure over a decade, with recurring support during major consolidations.
Other Predictions
- Tom Lee of Fundstrat and analysts at Galaxy Digital also predict Bitcoin reaching $250,000, but on different timelines.
- Galaxy Digital projects a possible unstable period in 2026 before a strong rally towards $250,000 by 2027.
Current Market Analysis
- Scottie Pippen highlighted a comparison with Bitcoin’s 2020 setup, suggesting a pre-breakout phase similar to that year.
- Bitcoin is currently consolidating below $70,000, trading at $66,150, having decreased by 1.8% in the last 24 hours.
- There is potential for continued consolidation before an aggressive rally akin to 2021.
Further details can be accessed through the following links: Bitcoin, Ethereum, USDT.