Peter Brandt Denies Bitcoin $200K Prediction for 2029

Veteran trader Peter Brandt recently addressed claims regarding Bitcoin's future price, refuting a specific prediction. Reports suggested that he projected Bitcoin to hit $200,000 by Q3 2029. Brandt confirmed no such statement was made.

Brandt, a renowned technical analyst, clarified the unfounded claims via his official communication channels. He emphasized his ongoing support for a bullish Bitcoin outlook, projecting $120,000-$200,000 within the next few years instead.

Brandt's clarification influenced market sentiment, as stakeholders re-evaluated near-term targets. The denial of the 2029 prediction contrasted with his consistent 2025 goal, encouraging optimism among investors.

There is no regulatory or institutional indication suggesting a delay in Bitcoin’s climb to $200,000. Historical data reflects optimistic trends, as major stakeholders maintain expectations for reaching this target by 2025-2026.

Comparative analysis shows that Brandt’s predictions have historically focused on aggressive timelines. His previous targets prominently included reaching $200,000 by 2025, with no past indication of a 2029 timeline.

Analyses underscore that current technical patterns and macroeconomic dynamics align with Brandt's 2025 outlook. Interpretations by financial experts emphasize continued growth, dismissing 2029 as a relevant milestone.

Bitcoin’s long-term chart remains constructive. The next major target remains $200,000, with a strong possibility of reaching that level before the end of 2025. — Peter Brandt