ChainCatcher report: Peter Brandt, the renowned trader and chart analyst who successfully predicted Bitcoin’s 2018 crash, stated that the Bitcoin market may not yet have reached its true bottom, suggesting the real bottom could occur as late as October 2026. Previously, Brandt forecasted that Bitcoin could drop to the $60,000 range in the third quarter of 2026. He believes that while short-term price movements may trend upward with volatility, Bitcoin could still retrace to the upper end of the $50,000 range within this year. Meanwhile, Arthur Hayes noted that Ethereum’s price may remain range-bound until U.S. dollar liquidity improves. As of publication, Ethereum is trading at approximately $1,941, with a decline of over 40% over the past 30 days. However, Michaël van de Poppe, founder of MN Trading Capital, believes Ethereum is currently in an attractive accumulation zone and highlighted that stablecoin trading volume has grown by approximately 200% over the past 18 months. On the prediction markets, Polymarket data shows a 41% probability of Bitcoin falling below $60,000 before the end of February and a 29% probability of it returning to $75,000. Within 2026, there is a 23% probability of Bitcoin returning to $120,000 and only a 10% probability of it surpassing $150,000. For Ethereum, the market estimates a 76% probability of it reaching $1,500 in 2026 and a 23% probability of it falling to $1,600.
Peter Brandt Predicts Bitcoin's True Bottom in October 2026; Market Outlook Diverges
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Summary
Renowned trader Peter Brandt shared a bearish market outlook, suggesting Bitcoin’s true bottom may not arrive until October 2026. He previously projected a $60,000 low in Q3 2026 and warned of a possible $50,000 pullback this year. Short-term Bitcoin chart volatility remains a risk. Arthur Hayes noted Ethereum could stay range-bound until U.S. dollar liquidity improves. Ethereum traded near $1,941, down over 40% in 30 days. Michaël van de Poppe of MN Trading Capital called Ethereum’s price attractive, citing a 200% rise in stablecoin volume. Polymarket data shows a 41% chance of Bitcoin falling below $60,000 by early 2026, with a 23% chance of hitting $120,000 by 2026. Ethereum has a 76% chance of reaching $1,500 by then.
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