Peter Brandt Says Bitcoin Could Hit $200,000, But Not Soon

Veteran trader Peter Brandt has predicted that Bitcoin (BTC) could hit $200,000. However, there is a catch. This timeframe is not immediate, with the target expected to be reached in about four years.

This comes as the largest cryptocurrency has continued its two-month decline, now trading at its lowest level since late April.

Bitcoin Price Prediction: Peter Brandt Outlines When Bitcoin Could Go Higher

Bitcoin price is moving in the exact opposite direction to what the market predicted. Q4 is typically a strong quarter, with an Medium return of 77%, but this year it has pushed BTC to multi-month lows.

The asset is down nearly 24% so far in Q4 2025. As BeInCrypto reported yesterday, Bitcoin slid below $87,000 due to large investor selling and market liquidation.

The decline deepened today, with the price dropping to $85,281 in early Asian trading hours. At the time of writing, Bitcoin is trading at $85,976, down 6.97% over the past 24 hours.

According to Brandt, BTC could fall further, implying that recent price action could signal the early stages of a bearish cycle.

“Would a complete reversal (11/11) followed by eight days of lower highs and completing a large expanding top pattern qualify as a bear market?” he said .

The trader has indicated potential downside targets at $81,000 and $58,000. The latter would represent a significant correction from current prices.

“The people who are now saying they will buy big at $58,000 will be the ones selling when BTC hits $60,000,” he added.

While short-term patterns may indicate a correction, Brandt insists that he still owns 40% of the largest Bitcoin position he has ever had, and his bullish view for the future remains unchanged. He argues that the current “dumping” is one of the best developments for Bitcoin.

“The next Bitcoin bull market will take us to around $200,000. That could happen around Q3 2029,” Brandt commented .

This represents a much longer timeframe than many initially predicted, as many analysts initially believed Bitcoin would reach this price point by 2025. However, Bitcoin’s recent performance and broader market conditions have led experts to revise their forecasts downward.

For example, ARK Invest CEO Cathie Wood reduced her long-term target for Bitcoin from $1.5 million to $1.2 million by 2030. Galaxy Digital's Alex Thorn also lowered his expectations, cutting his year-end forecast for Bitcoin from $185,000 to $120,000.