Peter Brandt Says Those Who Predict Bitcoin At $250,000 'Need To Stop With The Mushrooms' As Arthur Hayes Slashes Year-End Forecast

Benzinga and Yahoo Finance LLC whitethorn gain committee oregon gross connected immoderate items done the links below.

Veteran trader Peter Brandt connected Monday urged Bitcoin bulls who are predicting $250,000 successful 2026 to code down the hype and absorption connected much realistic terms targets.

No Bullish Bottoming Pattern Yet

Brandt, a method expert with astir 50 years of experience, attached a regular illustration connected X, showing Bitcoin trading successful a defined transmission signifier since precocious 2025

“While it does not preclude further terms gains, it is NOT a bullish bottoming pattern,” Brandt stated. “Those of you predicting $250,000 successful 2026 request to halt with the mushrooms.”

Bitcoiners
Those of you predicting $250,000 successful 2026 request to halt with the mushrooms
This is called a transmission $BTC
While it does not preclude further terms gains, it is NOT a bullish bottoming pattern
The Factor Report reports connected classical illustration investigation https://t.co/6nRit1xsVp pic.twitter.com/ApMM46KFla

— The Factor Report (@PeterLBrandt) April 27, 2026

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Last week, Brandt predicted an "investable low" for Bitcoin in September oregon October 2026, and if the patterns persist, a large precocious betwixt $300,000 and $500,000 successful precocious 2029

Notably, respective bullish Bitcoin terms targets person been revised downward lately. For example, Citigroup lowered its 12-month forecast to $112,000, portion Standard Chartered reduced its year-end projection from $150,000 to $100,000.

Venture capitalist and Bitcoin bull Tim Draper projected that Bitcoin would scope $250,000 successful 18 months, targeting the extremity of 2027.

Hayes Dials Back On $250,000 Bitcoin Call

BitMEX co-founder Arthur Hayes, who reiterated his $250,000 Bitcoin people arsenic precocious arsenic March 2026, has importantly lowered his estimates.

At the Bitcoin 2026 league successful Las Vegas, Hayes noted that banks with large equilibrium sheets would proceed issuing loans, thereby sustaining recognition liquidity crossed the market.

See Also: Avoid the #1 Investing Mistake: How Your ‘Safe' Holdings Could Be Costing You Big Time

He argued that the magnitude of caller recognition created would beryllium “larger” than what could beryllium destroyed by AI taking people’s jobs.

“That’s wherefore I judge Bitcoin is going higher. I deliberation my extremity of twelvemonth terms people is similar $125,000,” Hayes projected.

Photo: Hi my sanction is Jacco connected Shutterstock.com

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