Bitcoin (BTC) Price Prediction: Peter Brandt Says No New All-Time High Until Q2 2027

TLDR

• Peter Brandt says Bitcoin will not hit a new all-time high in 2026, expecting one in Q2 2027 at the earliest
• BTC is currently trading around $66,000–$67,000, down roughly 47% from its $126,100 all-time high
• Brandt warns BTC could retest $60,000 or go slightly lower in September or October 2026
• Polymarket traders give only a 15% chance Bitcoin reclaims $120,000 in 2026
• Analyst Ted warns a repeat of a recent price pattern could push BTC down to $45,000

Bitcoin is trading around $66,000–$67,000 at the time of writing, down roughly 47% from its all-time high of $126,100 set in October 2025.

Veteran trader Peter Brandt has shared a cautious outlook for Bitcoin in 2026. He told Cointelegraph: “I do not see a new price high in 2026. Not until maybe the second quarter of 2027.” He added that “this is all guesswork.”

Bitcoin hit a yearly low of $60,000 on February 6, 2026. Brandt believes that level may not hold as the floor for the year.

He projects that BTC could retest $60,000 — or even dip slightly below it — in September or October 2026. He described this as the potential “bear cycle low,” after which a new bull cycle could begin.

What Other Analysts Are Saying

Prediction market Polymarket currently gives just a 15% chance that Bitcoin will reclaim $120,000 in 2026.

Anthony Scaramucci, managing partner of SkyBridge, also holds a bearish near-term view. He pointed to the four-year market cycle: “We’re in a four-year cycle, and there were some traditional whales, some OG’s, that believe in the four-year cycle, and guess what happens in life when you believe in something? You create a self-fulfilling prophecy.”

Analyst Willy Woo posted on X on March 17 that Bitcoin is about one-third of the way through the bear market from a liquidity perspective.

ETF Flows and Market Sentiment

Spot Bitcoin ETFs ended a four-week inflow streak last week, posting $296.18 million in net outflows for the week ending Friday.

The Crypto Fear & Greed Index has been sitting in “extreme fear” since March 20, posting a score of 8 on Monday.

Not all analysts are bearish. Fundstrat’s Tom Lee said in January that he still expects Bitcoin to set a new all-time high in 2026.

Spot Bitcoin ETFs recorded $296.18 million in net outflows for the most recent weekly period, ending a four-week run of inflows.

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