Bitcoin may reach $250,000 by 2029 after extended consolidation through 2026, says trader Peter Brandt.

Veteran trader Peter Brandt forecasts Bitcoin could hit $250,000 by the end of 2029, following a prolonged consolidation phase expected to last until September or October 2026. This outlook is based on Bitcoin's historical four-year halving cycle, with the recent halving in April 2024 marking the start of a bear market phase that may bottom in late 2026. After this, Brandt anticipates a strong uptrend leading into the 2028 halving and culminating in a major price peak in late 2029. He remains flexible to adjust his forecast if market behavior deviates from historical patterns.