Brandt Sees Bitcoin Reaching $600,000 by Late 2029, Warns of Possible October Pullback

Veteran trader Peter Brandt has significantly raised his long-term Bitcoin price target, predicting it could reach as high as $600,000 by late 2029 if historical cycle patterns continue.

Brandt believes the June low near $58,000 may have marked the bear market bottom, putting Bitcoin into a new bull phase earlier than his model projected.

In an interview with Cointelegraph, Brandt said he sees a possible pullback toward $65,000 to $66,000 in early October as a buying opportunity, although this could extend as low as $61,000.