Peter Brandt Says Bitcoin Could Reach $200,000, Just Not Anytime Soon

Veteran trader Peter Brandt has forecasted that Bitcoin (BTC) could reach $200,000. However, there’s a catch. The timeline is far from immediate, with the target expected to be reached around four years from now.

This comes as the largest cryptocurrency has continued its 2-month slide, now trading at lows last seen in late April.

Bitcoin Price Prediction: Peter Brandt Maps Out When Bitcoin Could Break Higher

Bitcoin’s price action is moving in the exact opposite direction of what the market anticipated. Q4 has historically delivered strong upside, averaging returns of 77%, yet this year it has pushed BTC to multi-month lows.

The asset has now fallen nearly 24% so far in Q4 2025. As BeInCrypto reported yesterday, Bitcoin slipped below $87,000 amid whale sell-offs and market liquidations.

The downtrend deepened today, with the price dropping to $85,281 during early Asian trading hours. At the time of writing, Bitcoin was trading at $85,976, representing a 6.97% decline over the past 24 hours.

Bitcoin (BTC) Price Performance. Source: BeInCrypto Markets

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

“Does a sweeping reversal ((Nov 11) followed by 8 days of lower highs and the completion of a massive broadening top qualify as a bear market?” he said.

The trader outlined potential downside targets at $81,000 and $58,000. The latter level would represent a significant retracement from the current price

“Those who now claim they will be big buyers at $58,000 will be pukers by the time BTC reaches $60,000,” he added.

While short-term patterns may indicate corrections, Brandt affirmed that he still owns 40% of the largest Bitcoin position he has ever held, and his bullish outlook for the future remains unchanged. He argued that current “dumping” is one of the best developments for Bitcoin.

“The next bull market in Bitcoin should take us to $200,000 or so. That should be in around Q3 2029,” Brandt remarked.

This represents a significantly longer timeline than many initially expected, as several analysts had initially believed Bitcoin would reach this price level by 2025. However, Bitcoin’s recent performance and broader market conditions have led experts to revise their forecasts downward.

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