Peter Brandt predicts Bitcoin may revisit $60,000 in Q3 or Q4 2026.

ChainCatcher report, according to Cointelegraph, both renowned trader and chart analyst Peter Brandt and users of prediction markets express pessimism regarding Bitcoin’s prospects for a new all-time high in 2026. Peter Brandt stated, “I don’t think Bitcoin will reach a new high in 2026; it may not happen until the second quarter of 2027.” He added, “All of this is speculation.” On Polymarket, the probability of Bitcoin returning to $120,000 in 2026 is only 15%. Regarding this year’s low point, Brandt suggested that the $60,000 level reached on February 6 may not be the annual low, and anticipates a retest of that level—or even slightly lower—likely in September or October, which could mark the bottom of the bear market cycle and the beginning of a new bull run. He also emphasized that his long-term thesis for Bitcoin remains unchanged: “Bitcoin’s story is about wealth storage; whether utility can be built on Bitcoin may influence its price.” He expressed a neutral or bearish stance toward all other cryptocurrencies. On March 17, Bitcoin analyst Willy Woo stated that, from a liquidity perspective, Bitcoin has completed approximately one-third of the bear market. Last week, SkyBridge Managing Partner Anthony Scaramucci also noted that Bitcoin is currently in the bear phase of its four-year cycle and suggested that veteran whale groups who believe in the four-year cycle may be creating a self-fulfilling prophecy. On the sentiment front, spot Bitcoin ETFs ended four consecutive weeks of net inflows with a net outflow of $296.18 million last week. The Crypto Fear & Greed Index stood at 8 on Monday, remaining in the “extreme fear” range since March 20.