Is the bull market back?
Real talk: veteran trader Peter Brandt thinks we might have already seen the Bitcoin cycle bottom. While he previously marked October 4 as a potential bear market end date, he now believes the market moved faster than expected. On the latest episode of Trade Secrets, Brandt signaled that we could be entering a new bull market cycle, though he’s not ruling out a short-term dip.
He’s specifically watching for a potential pullback to the $65,000–$66,000 range in early October. The vibe? Too many people are currently FOMO-buying, and a dip could shake out the late arrivals. For those with a risk-aware strategy, this could be the perfect moment to build your bags.
The long-term forecast
Brandt has officially updated his price targets. He is now projecting a cycle peak between $300,000 and $600,000 by late 2029. He even mentioned that "the bull market cycle this time has a very good chance of reaching half a million."
However, don't get it twisted—he isn't betting on a million-dollar Bitcoin by 2030, and he doesn't need it to reach those moon-shot numbers for his trade to work. He is currently keeping about 70% of his planned allocation in the market, focusing on managing risk rather than obsessing over whether BTC hits $100k by the end of the year.
Why XRP is a "fool coin"
While Bitcoin, Ethereum, and Solana get a seat at his table, Brandt is staying skeptical of most altcoins. He explicitly called XRP a "fool coin," arguing that just because a token has transactional use cases, it doesn't mean the asset price will skyrocket. He compared it to the US dollar: highly functional for payments, but not exactly an investment you hold for exponential gains.
His advice to the degens? Stop falling for the new upstarts. "Don't be conned into the latest fast horse in the game," he warned. If you’re already financially secure, he suggests a crypto allocation of no more than 10% of your portfolio.
Why it matters
Brandt reminds us that headlines and market narratives are often noise. He prefers to look at historical cycle patterns and timing rather than getting caught up in the hype cycle. Most importantly, remember that no analyst prediction—no matter how veteran—is financial advice. DYOR, keep your risk in check, and let the price action do the talking. Highkey, staying disciplined is the only way to survive the volatility.
