Veteran trader Peter Brandt reiterates his cautious stance on Bitcoin. He believes that BTC may not hit a new all-time high this year. Amid the current bearish trend, Brandt projects that the coin could retest the $60k level before any major rebound.
Bitcoin Could Retest $60K, Says Peter Brandt
According to the latest reports, Peter Brandt, a key voice in the crypto space, has projected his bearish outlook for Bitcoin in 2026. While acknowledging it as “guesswork,” Brandt stated that an ATH is unlikely in 2026, adding,
The BTC price reached its yearly low of $60,000 in February 2026, after hitting an all-time high of $126k in October 2025. However, Peter Brandt believes that Bitcoin could retest this $60k level.
The trader even thinks that the crypto may slide to lower levels in September or October this year. He added, “That would then be the bear cycle low, and a new bull cycle would begin.”
This outlook aligns with his previous projection. As CoinGape reported recently, Peter Brandt predicted Bitcoin’s potential crash to $60,000. As per his statement, BTC was preparing for a rising wedge sell signal.
Is an Uptrend Possible?
Currently, Bitcoin is experiencing significant pressure amid the escalating US-Iran war. As of press time, BTC is valued at $67,599, down 0.04% in a day. Marking a marginal 0.19% uptick over the past month, the crypto declined by about 4% in a week.
Bitcoin Price Chart; Source: TradingViewEarlier today, BTC showed positive signals as US President Donald Trump showed interest in ending the Middle East conflicts. However, according to experts, this surge is temporary. Echoing Peter Brandt’s projection, many believe that the pioneer crypto may take a hit in 2026.
For example, Anthony Scaramucci also holds a bearish outlook. He stated,
Similarly, analyst Ted stated that BTC has “lost its uptrend.” According to him, the price pattern now looks similar to what happened in January 2026. Back then, BTC fell about 39% from its local high. If the same pattern repeats, BTC could drop to around $45,000.
Source: https://coingape.com/peter-brandt-sees-bitcoin-delaying-new-ath-warns-of-60k-retest/
