On March 31, according to Cointelegraph, renowned trader and chart analyst Peter Brandt, who successfully predicted the 2018 Bitcoin crash, and market participants' outlooks for Bitcoin reaching new highs in 2026 are both pessimistic. Peter Brandt stated, "I don't think Bitcoin will hit a new high in 2026; maybe we will have to wait until Q2 2027." He also added, "All of this is just 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 said that the $60,000 level on February 6 may not be the lowest of the year. He expects to possibly retest that level or even go slightly lower in September or October, which would mark the bottom of the bear market cycle, and a new bull market will then begin. He also stated that his long-term view on Bitcoin remains unchanged: "Bitcoin's story is about wealth storage; whether it can be used practically may influence its price," and he expressed a neutral or bearish stance on all other cryptocurrencies.

Bitcoin analyst Willy Woo said on March 17 that, from a liquidity perspective, Bitcoin has completed about one-third of the bear market. SkyBridge managing partner Anthony Scaramucci also said last week that Bitcoin is currently in a four-year cycle bear market and pointed out that the veteran whale groups believing in the four-year cycle may be creating a self-fulfilling prophecy. On the sentiment front, spot Bitcoin ETF experienced four weeks of continuous net inflows, but last week saw a net outflow of $296.18 million. The Crypto Fear & Greed Index reported a score of 8 on Monday, remaining in the "Extreme Fear" zone since March 20. #Gate金手指