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Bitcoin Likely to Rebound $10K Then Fall to $40K by October 2026, Brandt Says

Price Prediction

2026-07-17 12:05:47

BTC-1.32%

NAS100-2.55%

According to ChainCatcher, renowned trader and chart analyst Peter Brandt predicted that Bitcoin will likely rebound by $10,000 before falling to $40,000 and finding a bottom in early October 2026. Brandt's forecast is based on Bitcoin's historical cycle patterns and a warning of potential false breakouts, with BTC currently trading near $60,000.

Additionally, Brandt noted that the Nasdaq 100 mini futures (NQ) daily chart may form a "diamond" pattern, potentially signaling a market top. Over the long term, Brandt remains bullish on Bitcoin, estimating the price could reach $300,000 to $500,000 by 2029.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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Comment

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GateUser-1ddae621

· 35m ago

Dip-buy and enter the market 😎

View OriginalReply0