Speaking on a recent episode of Cointelegraph’s Trade Secrets, Brandt revealed that market dynamics have outpaced his initial projections. "There’s a good possibility we have seen the low and now are entering a new bull market cycle in Bitcoin," Brandt noted during the interview.
This latest perspective marks a notable shift from his earlier warnings issued during the summer. Back in July, Brandt cautioned investors that downward pressure could drive prices down into the high-$40,000 range. At the time of that interview’s publication, Bitcoin was changing hands at approximately $64,000. However, defying those more pessimistic scenarios, the apex cryptocurrency staged a powerful recovery, climbing to nearly $85,000 by the time of his latest appearance.
Looking back with the benefit of hindsight, Bitcoin’s sharp correction to roughly $58,000 in late June now appears increasingly likely to have marked the definitive cycle bottom. Despite this bullish reversal, Brandt remains cautious about the immediate-term trajectory. He is actively monitoring the charts for a potential pullback toward the $65,000 or $66,000 region in early October, warning that the market may have moved too fast, too soon.
"One thing that could happen, of course, is we just had too many people now chase the market," he explained. "They have bought the idea that the Bitcoin low is in and they have loaded up on the rally."
A corrective pullback, in his view, could serve a healthy purpose by shaking out late-stage speculators and providing disciplined investors with a strategic window to accumulate positions. Emphasizing the cyclical nature of digital assets, Brandt reminded market participants that "we all know Bitcoin doesn’t go straight up."
Brandt Sees Bitcoin Hitting $500,000 This Cycle
Beyond immediate price action, Brandt has significantly raised his macro targets for Bitcoin’s next major cycle peak. He now projects that the cryptocurrency could reach a high between $300,000 and $600,000 by late 2029. This represents an upward revision from the $250,000 to $300,000 range he estimated during his July assessment.
"The bull market cycle this time has a very good chance of reaching half a million," Brandt asserted.
While a milestone of $1 million per Bitcoin by 2030 remains within the realm of possibility according to his broader macroeconomic view, Brandt emphasizes that such an extreme target is not a prerequisite for a successful trading strategy. He shared that he has deliberately kept a portion of his capital unallocated, preferring to maintain flexibility rather than deploying his entire portfolio at once. He would be entirely content committing roughly 70% of his earmarked funds to capture about 70% of the anticipated upward move leading into the projected 2029 highs.
"If Bitcoin’s $350,000 in late 2029, I’m not gonna be a million-dollar bull," he remarked, underscoring his pragmatic approach to risk management and profit realization.
Price Move ‘Explanations’ Are Often Wrong
As a veteran chartist, Brandt remains skeptical of attempts to attribute every short-term market fluctuation to breaking news headlines, regulatory developments, or macroeconomic events such as the CLARITY Act. Instead, he places his trust in historical market structures, cyclical timing, and price action itself.
"Markets do something, traders need to create a narrative. More often than not, the narrative is at least partially wrong," he stated firmly. "Let price be king."
Brandt’s analytical model positions the Bitcoin halving roughly halfway through the timeline separating the bear market low from the subsequent cycle peak. Based on historical precedent, he expects price acceleration to concentrate toward the final stages of the cycle, estimating that the last three or four months of the bull run could account for approximately 30% of the total cumulative increase.
Given his working assumption that a new bull market is already underway, Brandt places far greater importance on identifying favorable risk-to-reward entry points than obsessing over whether Bitcoin will breach the $100,000 threshold before the year concludes.
"It’s unimportant," he noted. "I think more important is can we identify the next tradable spot where one can have somewhat of a measured risk?"
Brandt Questions XRP’s Investment Appeal
True to his reputation for skepticism regarding alternative cryptocurrencies, Brandt offered a blunt critique of many altcoins, arguing that the fundamental thesis driving capital into speculative assets is frequently flawed. Specifically, he challenged the notion that utility-focused tokens like XRP automatically translate into lucrative long-term investments simply because they are utilized for institutional payments or cross-border settlements via Ripple’s banking partnerships.
"Just because something is transactional, that doesn’t mean automatically that it must be more valuable," he argued, drawing a direct parallel to fiat currency. He pointed out that while the US dollar functions effectively as a global medium of exchange, people do not purchase and hold it purely on the expectation that its transactional utility will drive up its investment value.
In contrast, Brandt holds a more receptive view of established blue-chip digital assets like Ether and Solana, suggesting there is legitimate room for them alongside Bitcoin within a well-diversified crypto portfolio. However, he strongly warned against chasing newly minted tokens that suddenly capture market attention.
"Don’t be sold on the new upstarts, don’t be conned into the latest fast horse in the game," he cautioned investors.
For financially secure individuals looking to gain exposure to the asset class, Brandt recommends allocating up to 10% of their overall portfolio to cryptocurrency, with the vast majority of that allocation dedicated strictly to Bitcoin. Reaffirming his overarching philosophy after decades in the financial markets, Brandt concluded, "I believe that trading is a marathon, not a sprint."
