Brandt Sees Bitcoin Surge as Early Bull Market Cycle Takes Shape
Renowned trader Peter Brandt believes that Bitcoin may have already entered a new bull market cycle, earlier than he previously expected. He suggests that there's a good possibility that the low has been seen and a new cycle is underway in Bitcoin.
In terms of price targets for this cycle, Brandt thinks Bitcoin has a very good chance of reaching half a million dollars, with a target range between $300K and $600K by the end of 2029. However, he also notes that $1 million per coin isn't impossible by 2030.
Brandt is known for his skepticism towards altcoins, but in this instance, he doesn't deny XRP's usefulness in payments. Instead, he suggests that charts alone can be enough reason to enter a trade rather than relying on underlying fundamentals.