Peter Brandt Flags Bitcoin May Drop Further as October Becomes Key Window
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Bitcoin has reached Peter Brandt’s February downside target, but the veteran trader says BTC could still move lower before forming a tradable bottom.
Key facts
On April 23, he projected an investable low in September or October 2026 and said that low could either hold above or break below the February 2026 bottom
Should bitcoin continue with the most remarkable cyclic patterns of any market in the past 15 years, an investable low is scheduled for Sep/Oct 2026,” Brandt wrote on April 23, elaborating
On June 3, Brandt said bitcoin had reached the February low, a level he identified as his initial downside target
The latest warning followed Brandt’s May 13 view that bitcoin had not yet completed a recognizable bottom
Summary
Brandt said bitcoin has reached his initial downside target near the February low area. Earlier cycle projections pointed to a $300,000-$500,000 bitcoin peak by 2029. Bitcoin ’s latest drop has returned BTC to the February low area that veteran trader Peter Brandt identified as his initial downside target. On June 3, Brandt said bitcoin had reached the February low, a level he identified as his initial downside target.