Key Takeaways:
Brandt said bitcoin has reached his initial downside target near the February low area.Further declines or a capitulation event could occur before stability returns.Earlier cycle projections pointed to a $300,000-$500,000 bitcoin peak by 2029.He said:
The terminal wash-out warning indicates that Brandt does not view the February low as the end of the decline. Such a scenario would involve a final wave of selling pressure before a more durable bottom forms.
October Timeline Puts Bitcoin’s Correction Back in FocusThe October timeline did not appear for the first time in Brandt’s latest post. On April 23, he projected an investable low in September or October 2026 and said that low could either hold above or break below the February 2026 bottom. The forecast made the February low a key reference point in his longer-term market cycle analysis.
“That low might or might not penetrate the Feb 2026 low. The next high (should patterns continue) will be between $300k and $500k in Sep/Oct 2029.”
