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Veteran trader Peter Brandt outlined a highly conditional long-term path for Bitcoin that, if the asset continues to follow what he describes as its most notable cyclic patterns over the past 15 years, could culminate in a potential peak between $300,000 and $500,000 in late 2029. Brandt also said the market has not yet shown the type of price action that typically signals a durable bottom.
In a post on X, Brandt wrote that if Bitcoin continues with these cyclic patterns, an “investable low is scheduled for Sep/Oct 2026.” He added that this low “might or might not penetrate the Feb 2026 low.” Brandt then tied the next major high to the same condition, stating it “will be between $300k and $500k in Sep/Oct 2029.”
Brandt’s framework therefore depends on Bitcoin continuing to respect the cyclical behavior he says has defined the asset over roughly the last decade and a half, leaving the near-term setup as the key uncertainty before any late-2029 “blow-off” scenario can be considered.
Brandt’s skepticism was reinforced in his response to a chart shared by JDK Analysis. His reply was direct: “This does not look like a bottom.”
The chart setup, as described in the post, highlighted repeated tests of local highs and fading volume as price moved higher. It also pointed to an invalidation level above roughly $80.5K, implying that continuation lower would remain the more likely path if buyers did not produce a clean break.
Brandt also amplified Aksel Kibar, describing him as “the most accomplished pure classical chart analyst alive today.” Kibar’s view emphasized that technical structures remain provisional until price confirms them.
Kibar wrote: “Sometimes I get criticized by followers who have a position and want to see updates confirming that position on 'adjusting' the boundaries.” He added that as the market provides new information, analysts “need to adjust,” noting that “what looks like a wedge, can morph into a channel” and that “what looks like a bearish continuation can break above the channel boundary requiring action.”
The discussion included a BTC chart indicating that Bitcoin “needs a weekly close above the 1.0 Fib, 1-week chart.” At press time, BTC traded at $78,196.
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