Analyst Peter Brandt forecasts Bitcoin may reach between $300,000 and $600,000 by late 2029, with a strong chance of hitting around $500,000 during the next major bull cycle tied to the 2028 halving event. This implies a potential sixfold increase from its current price near $84,700. Brandt emphasizes this is a long-term cycle prediction, not an immediate price jump, and Bitcoin could face pullbacks before then. Supporting this outlook, CryptoQuant data shows Bitcoin recently entered a confirmed bull market, suggesting possible 3x to 5x gains driven by increased institutional involvement.
Bitcoin price prediction by Peter Brandt is the story's subject. For readers following cryptocurrency, here is Pluang's market snapshot as of Sep 27, 2026 22:21 WIB: Out of 50 major cryptocurrencies, 15 rose and 33 fell today. ZIL dropped 4.17% to Rp66 with 84% sell orders, SAND fell 3.98% to Rp792 with 56% buy orders, and XTZ declined 2.77% to Rp5,761 with 84% buy orders.
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