Can Bitcoin Price Hit $250,000 by 2026 End? Here’s What Peter Brandt Predicts
Highlights
- Veteran trader Peter Brandt turned down predictions of Bitcoin price hitting $250,000 by 2026 end.
- Brandt confirms further price gains, but ruled out any bullish bottom pattern formation.
- BTC falls as the U.S. deliberates on Iran's proposal to end the war.
The latest Bitcoin price recovery has sparked anticipation of $250,000 among some in the crypto market. Veteran trader Peter Brandt predicts further price gains but not a bullish bottoming pattern for a massive rally.
BTC is currently trading near $77,000 with a significant trading volume supporting further upside momentum. However, derivatives data showed mixed sentiment amid President Trump’s dissatisfaction with Iran’s proposal.
Peter Brandt Turns Down $250,000 Bitcoin Price Predictions
In an X post on April 28, legendary trader Peter Brandt directly challenged highly optimistic Bitcoin price forecasts of $250,000 by the end of 2026. He shared a daily chart showing BTC consolidating in an ascending channel.
“Bitcoiners, those of you predicting $250,000 in 2026 need to stop with the mushrooms. This is called a channel BTC,” he said.
Peter Brandt’s comments came amid a wave of bullish BTC predictions by experts such as Fundstrat’s Tom Lee and “Rich Dad, Poor Dad” author Robert Kiyosaki, citing institutional adoption, spot Bitcoin ETF inflows, and crypto regulations such as the CLARITY Act.
While Brandt sees upside momentum in Bitcoin price continuing, he ruled out any bullish bottom pattern forming on the charts. He also negated a flag formation on the charts.
NOT NOT NOT a flag
Repeat, NOT NOT NOT a flag— The Factor Report (@PeterLBrandt) April 28, 2026
BTC Falls 3% as Oil Edges Higher
Bitcoin price tumbled 3% in the past 24 hours, currently trading at $76,738. The 24-hour low and high are $76,481 and $79,327, respectively. Furthermore, trading volume has increased by almost 40% over the last 24 hours.
BTC saw profit booking as the US weighs Iran’s proposal to reopen the Strait of Hormuz and end the war. As per CoinGape’s Bitcoin analysis, Bitcoin price could hit $90K in Q2 as Galaxy CEO Mike Novogratz expects Trump to sign the CLARITY Act in June.
Meanwhile, CoinGlass data showed selling in the derivatives market in the last few hours. The total BTC futures open interest fell almost 2.50% to $56.70 billion in the last 24 hours.
Bitcoin futures open interest on CME dropped by 0.32% and 0.39% on Binance in an hour. This signals significant profit booking by derivatives traders.
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