A veteran trader with a decades-long track record in financial markets is making a bold long-term call for Bitcoin (BTC), predicting that it will be worth hundreds of thousands of dollars in a few years.
In a new post on X, Peter Brandt predicts that Bitcoin could erupt by as much as 541% in three years if BTC continues to follow its four-year cycle.
But according to the veteran trader, who placed a bearish bet on Bitcoin in October of last year as BTC traded above $100,000, the leading crypto asset’s cycle indicates that it will likely witness a significant correction in the coming months before igniting a new mega uptrend.
“Should Bitcoin continue with the most remarkable cyclic patterns of any market in the past 15 years, an investable low is scheduled for Sep/Oct 2026. That low might or might not penetrate the Feb 2026 low. The next high (should patterns continue) will be between $300k and $500k in Sep/Oct 2029.”
Brandt attained a legendary status in the crypto trading circle after accurately predicting the end of the Bitcoin bull market in late 2018.
While Brandt is mid-term bearish on Bitcoin, Fidelity director of Global Macro Jurrien Timmer believes that BTC will likely consolidate around $78,000 before sparking the next leg up.
“Bitcoin continued to build up last week, making a new recovery high of $78,344. The rally off the $60,033 low could still be described as a bear flag (not unlike the bear market rally last fall), but my sense is that Bitcoin continues to build a large base here in preparation for the next major up wave.”
Looking at Timmer’s chart, it appears to show that BTC has successfully breached a horizontal resistance at around $74,425 and a diagonal resistance at $78,000, while momentum is on the up and up.
Bitcoin is trading at $78,424 at time of publishing.
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