Peter Brandt: Not optimistic about Bitcoin reaching a new high this year, expecting a retest of $60,000 around September or October.

金色财经_ · 2026-03-31T04:31:29+00:00

Renowned trader Peter Brandt is pessimistic about Bitcoin reaching new highs in 2026, expecting it may have to wait until 2027. He predicts that this year Bitcoin will retest the year's low of $60,000 and believes that Bitcoin's long-term value lies in its function as a store of wealth, while holding a neutral or bearish stance on other cryptocurrencies.

金色财经_

2026-03-31 04:31:29

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Jingse Finance reports that on March 31, according to Cointelegraph, the well-known trader and chart analyst Peter Brandt, who successfully predicted the 2018 Bitcoin crash, as well as Polymarket users who forecast Bitcoin’s outlook for a new all-time high in 2026, are both pessimistic. Peter Brandt said: “I don’t think Bitcoin will make a new high in 2026—maybe it’s not until Q2 of 2027.” He also added, “All of this is speculation.” On Polymarket, the probability that Bitcoin will return to $120,000 in 2026 is only 15%. Regarding the year-to-date low, Peter Brandt said that the $60,000 level on February 6 may not be the lowest for the year. He expects that this level could be re-tested in September or October this year, and even “slightly lower.” At that time, it would mark the bottom of the bear-market cycle, from which a new bull market would be set in motion. He also said his long-term thesis on Bitcoin has not changed: “Bitcoin’s story is a store of value, and whether you can build utility on top of Bitcoin could affect price,” and he said he takes a neutral or bearish stance toward all other cryptocurrencies.

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