Bitcoin price’s fall is in accordance with the historical bull and bear market cycle. According to the 4-year cycle and historical peak patterns, we are now in a bear market. Crypto market participants are in panic, but experts such as veteran trader Peter Brandt predict Bitcoin could rally to at least $200K in the next bull market.
On November 21, Peter Brandt, known for accurate Bitcoin market top and bottom predictions, shared a bold Bitcoin price prediction. He claimed the current crash is the “best thing” happening to Bitcoin.
Brandt predicts the Bitcoin price could hit $200,000 in the next bull market. The price rally is expected to happen around Q3 2029. Brandt disclosed that he still owns 40% of his BTC holdings, at a price 1/20th of Michael Saylor’s Strategy (MSTR) average buy.
He revealed his holdings and bullish price predictions after facing backlash from some crypto market participants. It followed his dire warning of a major Bitcoin price crash.
Peter Brandt went short on XRP price in October, predicting a fall to $2.2. In the following weeks, XRP dropped straight from $3 to $2.2. He also expected Bitcoin to peak based on the historical cycle top, but shared his confirmation last week.
As CoinGape reported earlier, he predicted a Bitcoin crash to $58K. The analysis found $81,000 and $58,000 as two primary support levels. “Those who now claim they will be big buyers at $58K will be pukers by the time BTC reaches $60k,” he added.
Even before Peter Brandt, CoinGape shared a potential Bitcoin price crash to its realized price at $56K. It was based on the macro headwinds and bearish technical chart patterns such as falling wedge, head-and-shoulder, or bear flag. 10x Research’s Markus Thielen, CryptoQuant’s head of research Julio Moreno, and other experts confirmed a bear market.
Bitcoin has historically peaked 12-18 months after a halving. Long-term holders (LTH) and whales sold their holdings as they were certain that Bitcoin would peak in October. Also, historical data suggest bull market peaks occur around 1,060-1,070 days, and the pattern held this cycle.
The classic technical chart pattern that confirmed bearishness was a death cross formation on the 1-day chart. The 50-DMA crossover below the 200-DMA tanked Bitcoin’s price below $95K. It is worth noting that the 200-week moving average (WMA) is also currently around $56K.
BTC price is currently trading at $84,262, down more than 8% over the past 24 hours. The 24-hour low and high are $82,082 and $92,346, respectively. Trading volume climbed 38% in the last 24 hours.
Also Read: Top Crypto Offers In November 2025
Drift Protocol disclosed details about its April 1, 2026, exploit, outlining a coordinated attack built…
U.S. President Donald Trump warned of imminent strikes on Iran as the U.S.-Iran war continues…
The Solana Foundation has released a new toolkit intended to support AI-based projects on its…
The U.S.-Iran War has raised tensions between the U.S. and its European allies, dragging a…
US banks are facing renewed scrutiny as their increased exposure to the private credit market…
Kevin Warsh will face a Senate Banking Committee nomination hearing on April 16. The hearing…