According to reports, veteran trader and chart analyst Peter Brandt recently reiterated in an interview his extremely clear judgment on the bottom of Bitcoin's current bear market cycle—he expects it to bottom out around October 4, 2026. While accurately predicting market turning points is considered an "impossible task" in the industry, Brandt insists on basing his prediction on a cycle model built upon decades of technical analysis experience.
He further pointed out that Bitcoin's price may still face significant downside potential before bottoming out. Based on the current cycle's high of approximately $120,000, and considering the historical average bear market retracement of over 80%, in extreme cases, Bitcoin could fall to $50,000, or even into the latter half of the $40,000 range.
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