Brandt Warns of Volatility as Bitcoin Sees New Cycle

Veteran trader Peter Brandt believes Bitcoin may have already passed its bear market low and is entering a new bull cycle. Speaking on Cointelegraph's 'Trade Secrets', Brandt said there's a good possibility that the current market has formed the low.

Brandt warned in July that Bitcoin could revisit the high-$40,000 area, but at the time of his latest appearance, it had climbed to nearly $85,000. He now expects additional volatility before the broader uptrend fully matures.

The trader is watching for a potential pullback toward the mid-$60,000s in early October, even if a bull cycle has begun. Brandt has raised his projection for Bitcoin's late-2029 peak range to between $300,000 and $600,000.