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

ME News Message, March 31 (UTC+8). Famous trader and chart analyst Peter Brandt, as well as Polymarket users, are both pessimistic about Bitcoin’s prospects for a new all-time high in 2026. Peter Brandt said: “I don’t think Bitcoin will make a new high in 2026—maybe we’ll have to wait until the second quarter of 2027.” He also added, “All of this is speculation.” On Polymarket, the probability of Bitcoin returning to $120,000 in 2026 is only 15%. Regarding the year’s low, Peter Brandt said that the $60,000 level on February 6 might not be the year’s lowest point, and he expects that this level could be retested in September or October this year, even “slightly lower.” At that time, it would be the bottom of the bear market cycle, from which a new bull market would be launched. He also said that his long-term logic for Bitcoin has not changed: “Bitcoin’s story is store of value; whether you can build utility on Bitcoin may influence the price,” and he said he holds a neutral or bearish view on all other cryptocurrencies. Bitcoin analyst Willy Woo said on March 17 that, from a liquidity perspective, Bitcoin has roughly completed “one-third of the bear market.” SkyBridge managing partner Anthony Scaramucci also said last week that Bitcoin is currently in the bear phase of its four-year cycle, pointing out that he believes the established whale cohort that believes in the four-year cycle may create a self-fulfilling prophecy. On the sentiment front, spot Bitcoin ETFs ended four straight weeks of net inflows, recording a $296.18 million net outflow last week. The Crypto Fear & Greed Index reported 8 on Monday and has remained in the “extreme fear” range since March 20. (Source: ChainCatcher)