Veteran trader Peter Brandt forecasts Bitcoin could surge to $250,000 by late 2029, following a prolonged bottoming process expected to last until September 2026. Brandt's prediction aligns with Bitcoin's historical four-year halving cycle, which typically sees bull runs peak 16 to 18 months post-halving, followed by bear markets. The next significant uptrend is anticipated to begin around October 2026, potentially reaching the $250,000 mark after the April 2028 halving. Brandt, a seasoned commodities trader, emphasizes that his forecast hinges on Bitcoin's adherence to its historical price patterns. He remains open to revising his projections if market dynamics shift unexpectedly. This outlook contrasts with other analysts who believe the recent rally marks the start of a new uptrend, following a 25% increase in Bitcoin's price to $80,300 since February.