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Peter Brandt: Not optimistic about Bitcoin reaching a new high this year, expects to retest $60,000 in September or October

According to Cointelegraph, renowned trader and chart analyst Peter Brandt and prediction market users hold a pessimistic view on the prospect of Bitcoin reaching a new high in 2026. Peter Brandt stated, "I don't think Bitcoin will reach a new high in 2026; it may have to wait until the second quarter of 2027." He also added, "It's all speculation." The probability of Bitcoin returning to $120,000 in 2026 on Polymarket is only 15%.Regarding the low point of the year, Peter Brandt indicated that the $60,000 level on February 6 may not be the lowest of the year, predicting that it might retest that level or even "slightly lower" in September or October this year, at which point it will be the low point of the bear market cycle, initiating a new bull market. He also stated that his long-term logic regarding Bitcoin remains unchanged: "The story of Bitcoin is wealth storage; whether practicality can be built on Bitcoin may affect its price," and he mentioned that he holds a neutral or bearish stance on all other cryptocurrencies.Bitcoin analyst Willy Woo stated on March 17 that, from a liquidity perspective, Bitcoin has completed about "one-third of the bear market." SkyBridge managing partner Anthony Scaramucci also mentioned last week that Bitcoin is currently in the bear market phase of a four-year cycle, and pointed out that the established whale group that believes in the four-year cycle may create a self-fulfilling prophecy. In terms of sentiment, the spot Bitcoin ETF ended four weeks of consecutive net inflows, recording a net outflow of $296.18 million last week. The Crypto Fear and Greed Index reported 8 on Monday, remaining in the "extreme fear" range since March 20.

Peter Brandt says Bitcoin may not have bottomed yet, and a "real bottom" is hard to see before October, predicting increased market divergence

Renowned trader and chart analyst Peter Brandt, who successfully predicted the Bitcoin crash in 2018, stated that the Bitcoin market may not have reached its true bottom yet, and "the real bottom may not appear until October 2026." He previously predicted that Bitcoin could drop to the $60,000 range in the third quarter of 2026.Brandt believes that prices may oscillate upward in the short term, but could still fall back to the $50,000 high range within the year. Meanwhile, Arthur Hayes pointed out that Ethereum prices may continue to consolidate in the current range until dollar liquidity improves. As of the time of writing, Ethereum is priced at about $1,941, with a decline of over 40% in the past 30 days. However, Michaël van de Poppe, founder of MN Trading Capital, believes that Ethereum is currently in an attractive accumulation zone and emphasized that stablecoin trading volume has increased by about 200% over the past 18 months.In terms of market predictions, Polymarket data shows that there is a 41% probability that Bitcoin will fall below $60,000 by the end of February, while the probability of returning to $75,000 is 29%. Within 2026, the probability of Bitcoin returning to $120,000 is 23%, and the probability of breaking $150,000 is only 10%. For Ethereum, the market expects a 76% probability of it reaching $1,500 in 2026, and a 23% probability of dropping to $1,600.
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