“I am not calling for a low until Sep/Oct 2026,” — this was how veteran trader Peter Brandt responded to the optimism of crypto bulls who have already declared the start of a new growth period. Moreover, he believes that before reaching the coveted quarter-million-dollar mark, the market will have to endure several more months of declines and sideways “chopping.”

As Brandt said — “This can be tracked by the four-year halving cycles, which have held up in every single cycle since 2011.” In his view, the bottom of the current bear market has not yet been reached, and the price could return to the $50,000 or even $40,000 range. But he also specified that after this, a massive “blast off” phase will follow, leading Bitcoin to $250,000 by late 2029.

Brandt emphasized that he does not intend to be dogmatic about his projections. If market dynamics deviate from the historical “script,” he will be forced to revise his thinking; however, for now, he advises traders not to rush to conclusions about the end of the “crypto winter.”