Peter Brandt suggests Bitcoin may not have bottomed, unlikely to see a "real bottom" before October; predicts escalating market divergence
BlockBeats News, February 13th: Renowned trader and chart analyst Peter Brandt, who accurately predicted the 2018 Bitcoin crash, stated that the Bitcoin market may not have reached the true bottom yet, and the "real bottom may not come until October 2026." He had previously predicted that Bitcoin could drop to the $60,000 region in the third quarter of 2026. On February 6th, Bitcoin briefly fell to around $62,700. Brandt believes that in the short term, the price may experience upward volatility, but could still fall back to the $50,000 range within the year.
Meanwhile, Arthur Hayes pointed out that until there is an improvement in USD liquidity, the Ethereum price may continue to trade sideways in the current range. At the time of writing, Ethereum is trading around $1,941, with a decline of over 40% in the past 30 days. However, Michaël van de Poppe, the founder of MN Trading Capital, believes that Ethereum is currently in an attractive accumulation range and emphasizes that stablecoin trading volume has increased by about 200% over the past 18 months.
In terms of market predictions, Polymarket data shows that by the end of February, there is a 41% probability of Bitcoin falling below $60,000, while the probability of returning to $75,000 is 29%. Within 2026, the probability of Bitcoin surpassing $120,000 is 23%, with only a 10% chance of exceeding $150,000. As for Ethereum, the market expects a 76% probability of it hitting $1,500 in 2026 and a 23% probability of dropping to $1,600.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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