Legendary trader Peter Brandt, with 40 years of market experience, forecasts Bitcoin could plummet to $60,000-$70,000 by November 2026 before surging to $500,000. Brandt assigns a 30% probability that Bitcoin has already peaked in the current cycle, based on historical bull market durations of approximately 75 weeks observed in 2015-2017 and 2018-2021 cycles.
Projecting the current 2022-2025 cycle to follow this pattern, Brandt anticipates a peak between September 15-28, 2025 with prices reaching $125,000-$145,000. At publication, Bitcoin traded near $117,000, requiring a 5.95% gain to break records after a 1.2% daily decline. This outlook aligns with other bullish forecasts: Chris Burniske predicts $143,000, Standard Chartered $200,000 by end-2025, and Tim Draper $250,000.