Peter Brandt and Polymarket Traders See Low Chances of Bitcoin Reaching New Highs in 2026

Veteran trader Peter Brandt said Bitcoin may not reach a new all-time high in 2026, suggesting the next record could occur around the second quarter of 2027. Bitcoin previously reached its peak of $126,100 in October last year and is currently trading near $66,329, down about 47% from that level and 3.46% over the past seven days.

Prediction platform Polymarket reflects similar sentiment, assigning only a 15% probability that Bitcoin will reclaim the $120,000 level during 2026. Brandt also noted that Bitcoin could retest or move slightly below price levels seen in September or October this year, potentially forming the next bear cycle low.

Market Cycle Signals and Sentiment Remain Cautious

Analysts including Willy Woo stated that Bitcoin appears roughly one-third through the bear market from a liquidity perspective, while Anthony Scaramucci highlighted the influence of the four-year cycle theory.

Investor sentiment remains weak, with spot Bitcoin ETFs posting $296.18 million in net outflows after four weeks of inflows, and the Crypto Fear & Greed Index remaining in “extreme fear” territory with a score of 8 since March 20.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.