Peter Brandt has been reading Bitcoin charts for longer than most crypto traders have been alive. He says the next stop on the chart could be $600,000 by 2029. In the same breath, he called XRP a "fool coin." The interview ran in Cointelegraph's magazine section.
Brandt is a veteran technical analyst who built his reputation on classical chart patterns. He has been calling Bitcoin tops and bottoms since 2011.
The $600K math
Bitcoin trades around $97,400 right now. A move to $600,000 would mean roughly a sixfold gain from here. That is not a wild number in Bitcoin terms.
The asset has done multiples like that before. Brandt's case rests on a logarithmic growth channel. That is a curved line drawn on a chart that connects Bitcoin's major lows over time.
The idea is that each cycle's bottom sits higher than the last, and the slope of that line has been remarkably steady for over a decade. If the channel holds, the next cycle peak lands somewhere near $600,000. He did not give a precise month.
The 2029 date is the outer edge of his window, not a promise.
Why he dislikes XRP
Brandt did not mince words on XRP. He called it a "fool coin" in the same interview. His reasoning, based on his public commentary over the years, centers on the token's long failure to break out of a multi-year trading range despite repeated hype cycles.
XRP has been stuck in a wide band for years. Every rally fades. Brandt sees that pattern as a sign the market does not believe the story anymore.
He has made similar calls on other altcoins that he says never confirmed a breakout. XRP holders pushed back on social media within hours. The token's community points to ongoing institutional partnerships and the resolution of the SEC lawsuit as reasons the chart setup is about to change.
Brandt's response, in his typical style, was that charts do not care about press releases.
What would prove him wrong
A sustained break above the all-time high near $73,000 would be the first real test of the $600K thesis. If Bitcoin clears that level and holds, the logarithmic channel gets a lot more credibility. The flip side is a break below the channel itself.
If Bitcoin closes below the long-term trend line on a weekly basis, the whole framework falls apart. That is the level to watch, not the headlines.