Peter Brandt raises his cycle-top forecast for Bitcoin to $300,000-$600,000

PANews reported on Sept. 30, citing Cointelegraph, that veteran trader Peter Brandt said Bitcoin has likely already made its cycle low and entered a new bull cycle. He raised his cycle-top forecast from $250,000-$300,000 to $300,000-$600,000 by late 2029, calling $500,000 "very likely." He warned that Bitcoin could pull back to $65,000-$66,000 in early October to flush out late buyers. Brandt also doubts XRP's investment value, calling it a "fool coin" and saying its payment use and Ripple's bank partners do not mean its value must rise.