Peter Brandt said Bitcoin had originally been a bearish inverse head-and-shoulders pattern within a broader downtrend, but recent gains have turned the setup into a valid bottom. He added that he bought the breakout, “for better or worse.” Brandt also said on July 20 that he expects the current Bitcoin cycle to bottom on Oct. 4, 2026, and that Bitcoin may outperform AI stocks over the next two to three years.
On Aug. 21, trader and chart analyst Peter Brandt, who correctly called Bitcoin’s 2018 crash, said Bitcoin had initially formed a bearish inverse head-and-shoulders pattern and was trending lower overall.
But he said a recent surge has fully turned the structure into a valid bottom. Brandt wrote that he has “bought the breakout, for better or worse.”
Brandt also said on July 20 that he expects the current Bitcoin market cycle to bottom on Oct. 4, 2026, and that investing in Bitcoin now may deliver better returns over the next two to three years than buying AI stocks.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
