BlockBeats News, March 31st, according to Cointelegraph’s report, renowned trader and chart analyst Peter Brandt, who successfully predicted Bitcoin’s sharp decline in 2018, and Predictions Market users are both pessimistic about Bitcoin reaching a new all-time high in 2026. Peter Brandt said: “I don’t believe that Bitcoin will reach a new all-time high in 2026, maybe not until the second quarter of 2027.” He added, “It’s all speculation.” The probability of Bitcoin returning to $120,000 in 2026 on Polymarket is only 15%.
Regarding the low point for the year, Peter Brandt mentioned that the $60,000 on February 6th might not be the yearly low and he expects a retest of that level in September or October this year, potentially going “slightly lower,” marking the bottom of the bear market cycle and the start of a new bull market phase. He also stated that his long-term thesis on Bitcoin remains intact: “Bitcoin’s narrative is wealth storage, and the ability to build utility on Bitcoin may impact the price,” mentioning that he holds a neutral or bearish stance on all other cryptocurrencies.
Bitcoin analyst Willy Woo stated on March 17th that from a liquidity perspective, Bitcoin has completed about “a third of the bear market.” SkyBridge Managing Partner Anthony Scaramucci also mentioned last week that Bitcoin is currently in the bear market phase of the four-year cycle, pointing out his belief that the long-standing whale cohort of the four-year cycle might create a self-fulfilling prophecy. In terms of sentiment, the spot Bitcoin ETF saw four consecutive weeks of net outflows, recording a net outflow of $296.18 million last week. The Crypto Fear and Greed Index reported an 8 on Monday, remaining in the “extreme fear” zone since March 20th.
