Peter Brandt predicts the exact day Bitcoin’s bear market will be over

Written by Ciaran Lyonsstaff writerReviewed by Andrew Fentonstaff editorWritten by Ciaran Lyonsstaff writerReviewed by Andrew Fentonstaff editorPeter Brandt predicts the exact day Bitcoin’s bear market will be overMagazinePublishedJul 20, 2026Renowned trading analyst Peter Brandt says investing in Bitcoin today, will pay off much better in two to three years than buying AI stocks at current prices. Veteran trader Peter Brandt says he has pinpointed the exact day in 2026 when he expects Bitcoin to hit the bottom of this market cycle.“I’ll go out on a limb and say we bottom on October 4th. So we’ll see,” Brandt tells Cointelegraph during an interview for Trade Secrets. Of course, picking the exact day of a market bottom is a tough ask, but the 51-year trading veteran has held firm on his October prediction for Bitcoin’s cycle low for quite some time.He says Bitcoin could fall below $50,000 and potentially into the high-$40,000 range before establishing what he expects will be the cycle low.“Whether it’s at these kinds of current levels, or we crash through and really blow people out and move into the 50s, possibly the high 40s... You know, you have to remember that every major bear market in Bitcoin’s history since its inception has been an 80% plus correction. If you take Bitcoin’s high in the 120s, that would indicate that,” Brandt says.Bitcoin is trading at $63,661 at the time of publication. Source: CoinMarketCapMany traders believe Bitcoin’s current level around $60,000 could be the cycle bottom, but Brandt isn’t convinced. He says there is still too much optimism that prices will bounce back.“Right now it’s neutral [sentiment]. Markets don’t bottom on neutral sentiment. Markets bottom on panic and volume.” “The same people that are saying Bitcoin’s bottom at some point in time will be giving up on Bitcoin, throwing in the towel, and saying we’re done with Bitcoin, we’re going on to other assets, the Bitcoin phenomenon is done,” Brandt says.Brandt says Bitcoin…

Peter Brandt predicts the exact day Bitcoin’s bear market will be over

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