{"id":59826,"date":"2025-11-22T05:01:33","date_gmt":"2025-11-22T05:01:33","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=59826"},"modified":"2025-11-22T05:01:33","modified_gmt":"2025-11-22T05:01:33","slug":"bitcoins-200k-runway-extended-to-2029-analyst-says","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=59826","title":{"rendered":"Bitcoin\u2019s $200K Runway Extended To 2029, Analyst Says"},"content":{"rendered":"
\n

Veteran trader Peter Brandt on Thursday offered a much slower timetable for Bitcoin\u2019s next big rally, saying the cryptocurrency may not hit $200,000 until around the third quarter 2029.<\/p>\n

According to his post on X, Brandt remains a long-term supporter of Bitcoin but warned the climb to $200,000 will take time.<\/p>\n

After An October Peak, A Steep Drop?<\/h2>\n

Bitcoin reached a fresh high of $125,100 on October 5. Since then it has slid more than 25%, erasing roughly $710 billion in market value.<\/p>\n

Based on Coingecko data, the token was trading at $83,500 at one point and briefly dipped to $82,650<\/a> as markets moved. Prices have bounced and fallen again, leaving many traders uneasy about timing and risk.<\/p>\n

\n

Full disclosure folks
\nOf my maximum ever Bitcoin position I still own 40%, at a price 1\/20th of Saylor\u2019s avg buy.
\nI am a long-term bull on Bitcoin. This dumping is the best thing that could happen to Bitcoin. The next bull market in Bitcoin should take us to $200,000 or so. That\u2026<\/p>\n

\u2014 Peter Brandt (@PeterLBrandt) November 21, 2025<\/a><\/p>\n<\/blockquote>\n

Brandt referenced past commodity patterns to make his point. He compared Bitcoin\u2019s behavior to the 1970s soybean market, which saw a rapid top followed by a sharp fall when supply outpaced demand. In that episode, soybeans dropped about 50% after the peak, Brandt reminded followers.<\/p>\n

Technical Signals Turn Bearish<\/h2>\n

Meanwhile, market analytics firm CryptoQuant has flagged the pullback as the most bearish phase<\/a> since the current bull run began in January 2023.<\/p>\n

Its Bull Score Index fell to 20 out of 100 last week, a level that signals weak spot demand, negative price momentum, and thinner stablecoin liquidity.<\/p>\n

<\/p>\n

The platform also pointed out that Bitcoin slipped below its 365-day moving average, a technical mark that had held through earlier corrections in this cycle.<\/p>\n

Still, CryptoQuant\u2019s CEO Ki Young Ju recently suggested the market may not have officially entered bear territory<\/a>, showing how readings and interpretations can differ.<\/p>\n

Institutional Selling Adds Pressure<\/p>\n

Capriole Investments founder Charles Edwards warned that institutional selling has been unusually heavy, saying he has \u201cnever seen this much institutional selling as a percentage of Coinbase Volume in all history.\u201d<\/p>\n

That flow, according to several analysts, has made the present reset deeper than prior pullbacks during the same rally.<\/p>\n

\n

Bitcoin has _never_ seen this much institutional selling as a percentage of Coinbase Volume in all history. pic.twitter.com\/YzSzpGQmBN<\/a><\/p>\n

\u2014 Charles Edwards (@caprioleio) November 21, 2025<\/a><\/p>\n<\/blockquote>\n

Veteran Trader\u2019s Cautious Timeline<\/p>\n

Brandt\u2019s outlook stands in contrast with more optimistic calls from the crypto industry. Reports have disclosed that BitMEX co-founder Arthur Hayes and market veteran Tom Lee were among those who reiterated hopes for $200,000 before the year closed.<\/p>\n

Pullback Seen As Healthy By Some<\/p>\n

Despite Bitcoin\u2019s current sluggish state, Brandt described the recent dumping as beneficial. He argued a cleanse now could clear excesses and set up stronger moves later.<\/p>\n

Other well-known figures have given much sooner targets \u2014 some expected $200,000 by year-end, and a few, including ARK Invest\u2019s Cathie Wood and Coinbase chief Brian Armstrong, have forecasted $1 million by 2030.<\/p>\n

Other analysts pointed to historical patterns where painful corrections were followed by renewed gains, though they added that timing those turns is difficult.<\/p>\n

Featured image from Unsplash, chart from TradingView<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Veteran trader Peter Brandt on Thursday offered a much slower timetable for Bitcoin\u2019s next big rally, saying the cryptocurrency may not hit $200,000 until around the third quarter 2029. According to his post on X, Brandt remains a long-term supporter of Bitcoin but warned the climb to $200,000 will take time. After An October Peak, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-59826","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/59826","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=59826"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/59826\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=59826"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=59826"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=59826"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}