Veteran trader Peter Brandt says he has pinpointed the exact day in 2026 when he expects Bitcoin to hit the bottom of this market cycle.
Speaking with Cointelegraph for an interview on Trade Secrets, the 51-year trading veteran laid out a precise call:
“I’ll go out on a limb and say we bottom on October 4th. So we’ll see.”
A deeper drop ahead
Brandt believes Bitcoin could fall below $50,000 and potentially into the high-$40,000 range before setting the cycle low.
He pointed to the asset’s history of severe drawdowns from all-time highs:
“Every major bear market in Bitcoin’s history since its inception has been an 80% plus correction. If you take Bitcoin’s high in the 120s, that would indicate that.”
With Bitcoin trading near $64,000 at publication, many traders see current levels as the bottom. Brandt isn’t convinced, arguing there is still too much optimism:
“Right now it’s neutral [sentiment]. Markets don’t bottom on neutral sentiment. Markets bottom on panic and volume.”
Bitcoin over AI stocks
While some blame the AI boom for pulling capital away from crypto, Brandt doubts the AI trade can climb forever.
If he had $10,000 right now, he says he would split it 50% between Bitcoin and precious metals:
“I think precious metals are closer to a bottom price-wise; I think Bitcoin may be closer to a bottom time-wise.”
Brandt doesn’t expect Bitcoin to reach its cycle peak until 2029, forecasting a price between $250,000 and $300,000.
