Bitcoin’s Cycle Top May Already Be In, Warns Veteran Trader
Veteran market analyst Peter Brandt believes there’s a real possibility that Bitcoin has already hit its peak for the current bull run.
His remarks come as BTC slid below $117,500, raising concerns that the market may be entering a cooling phase sooner than expected.
Brandt put the odds at around 30% that the top is behind us. If that’s the case, he projects a drawn-out retracement that could pull Bitcoin back into the $60,000–$70,000 range by late 2026.
From there, he expects a powerful rebound in the next cycle, potentially sending prices as high as $500,000 — further solidifying his view that Bitcoin, not gold, is the ultimate store of value.
His comments were prompted by a cycle analysis from “Colin Talks Crypto,” which outlines how each major Bitcoin bull market has lasted longer than the previous one, typically extending by about four months.
According to that model, the current cycle began after the November 2022 bottom and could stretch to 37 months, suggesting a possible top in late December 2025 with a target near $200,000.
Historical data shows past peaks arriving 24, 28, and 33 months after prior cycle lows. The lengthening pattern, if it holds, would put this market’s high well into Q4 2025. However, with BTC trading far below the projected target, uncertainty remains over whether the peak lies ahead or is already in the rearview mirror.
Both Brandt and Colin agree on one thing — regardless of where the exact top lands, Bitcoin’s path forward will be defined by steep swings, making timing the market as challenging as ever.
The information provided in this article is for informational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
