Bitcoin's Future Outlook: $250,000 Prediction

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 1 hour ago

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Market Prediction: Renowned market expert Peter Brandt forecasts Bitcoin could reach $250,000 by 2029, despite anticipating a short-term decline and prolonged sideways trading, closely tied to Bitcoin's halving cycle.
Halving Cycle Impact: Historical data shows Bitcoin's price typically rises 16-18 months post-halving; Brandt believes the current bear market may stabilize by October 2026, leading into a bullish phase that drives prices higher.
Price Volatility Analysis: Brandt notes that while the market may hit a trough by the end of 2026, this does not guarantee prices will fall below February's $60,000 low, with expectations of sideways movement before a potential strong rally.
Market Adaptability: Brandt emphasizes that his predictions are based on Bitcoin's trend consistency, but he remains open to adjusting his analysis if market behavior deviates from expectations, ensuring responsiveness to market dynamics.

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Technical Analysis for BTC

Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Bitcoin (BTC) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	69211.733	72074.626	74909.723	77772.616	80607.713	83470.606	86305.703
Fibonacci	72074.626	74251.259	75595.984	77772.616	79949.249	81293.974	83470.606

About BTC

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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