Veteran trader Peter Brandt expects that bitcoin is unlikely to reach a new all-time high in 2026 and outlines a possible path for price action.

Outlook and near-term targets

Brandt forecasts that bitcoin could retest the zone around $60 000 by September or October, and he allows for a move lower during that timeframe.

Timing for a new bull market

He projects that a fresh bullish market phase and renewed highs are unlikely before the second quarter of 2027, suggesting a delayed cycle bottom that extends into next year.

Drivers of future appreciation

Brandt also emphasised that subsequent price appreciation will depend on bitcoin’s demonstrable utility rather than solely on speculative flows and market sentiment.

The analyst’s comments focus on technical levels and structural timing, without specifying catalysts that would trigger a definitive trend reversal. Market participants should note that his scenario describes a possible timeline and target area rather than a guaranteed outcome.