Peter Brandt: Nasdaq futures are currently showing a diamond top formation; Bitcoin could fall to $40,000 to form a bottom

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Goldin Finance reports that veteran trader and well-known chart analyst Peter Brandt has released his latest technical outlook, noting that the Nasdaq 100 mini futures have formed a diamond pattern on the daily chart, suggesting the possibility of building a market top. Regarding Bitcoin, Brandt, based on historical cycles, predicts that BTC may first rebound by $10k, then fall back into the $40k range, and form the bottom of the next cycle in early October 2026; the current price is trading around $60k, so investors should be wary of downside risk caused by a false breakout. Over the long term, he remains optimistic: if Bitcoin continues the pattern of the past four-year halving cycle, the price may reach the $300k to $500k range in 2029.
NAS100-2.02%
BTC-2.16%
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