Peter Brandt, Polymarket traders don’t see new Bitcoin highs this year

It could beryllium much than a twelvemonth earlier Bitcoin regains its all-time precocious of $126,100, recorded successful October past year, according to seasoned trader Peter Brandt.

“I bash not spot a caller terms precocious successful 2026,” Brandt told Cointelegraph. “Not until possibly the 2nd 4th of 2027,” helium said, though helium besides acknowledged that “this is each guesswork.”

Pundits connected the crypto prediction level Polymarket are likewise pessimistic, giving conscionable a 15% accidental that Bitcoin volition reclaim $120,000 successful 2026.

Prediction marketplace connected “What terms volition Bitcoin deed successful 2026?” Source: Polymarket

Analysts person been divided over however Bitcoin volition execute successful 2026. The four-year rhythm theory suggests that Bitcoin is owed for a weaker year, though immoderate reason that rising organization request has breached the pattern, meaning Bitcoin could spot an up year. 

Brandt said his Bitcoin thesis hasn’t changed

However, Bitcoin is trading astatine $66,329 astatine the clip of publication, down 3.46% implicit the past 7 days, according to CoinMarketCap. It is down astir 47% from the $126,100 all-time high.

Bitcoin reached a yearly debased of $60,000 connected Feb. 6, but Brandt said that whitethorn not beryllium the lowest level for 2026, forecasting that Bitcoin could retest oregon adjacent determination “slightly lower” than the terms level successful September oregon October this year. 

“That would past beryllium the carnivore rhythm low, and a caller bull rhythm would begin,” Brandt said.

Despite a cautious outlook for the year, Brandt said his broader thesis connected Bitcoin hasn’t changed. “The BTC communicative is simply a store of wealth. Whether the inferior gets built connected apical of BTC could interaction price,” helium said, adding that helium is neutral oregon bearish connected each different cryptocurrencies. 

Bitcoin expert Willy Woo said successful an X station connected March 17 that, from a liquidity perspective, Bitcoin is astir one-third of the mode “through the carnivore market.”

Source: Willy Woo

Anthony Scaramucci, managing spouse of the SkyBridge concern steadfast besides said past week that Bitcoin is successful the carnivore information of the four-year marketplace cycle.

“We're successful a four-year cycle, and determination were immoderate accepted whales, immoderate OG's, that judge successful the four-year cycle, and conjecture what happens successful beingness erstwhile you judge successful something? You make a self-fulfilling prophecy.”

Related: Potential Bitcoin clang beneath $60K whitethorn hold betterment to 2027: Data

It comes arsenic spot Bitcoin ETFs ended a four-week inflow streak, posting $296.18 cardinal successful nett outflows for the week ending Friday.

Meanwhile, sentiment indicators awesome that investors are cautious astir the crypto marketplace amid ongoing geopolitical tensions.

The Crypto Fear & Greed Index, which measures wide crypto marketplace sentiment, has been hovering successful “extreme fear” since March 20, posting a people of 8 connected Monday.

Not everyone is bearish connected the twelvemonth ahead. 

In January, Fundstrat caput of probe Tom Lee said helium inactive expects Bitcoin to acceptable a caller all-time precocious this twelvemonth aft informing investors to brace for a “painful decline” crossed the crypto and banal markets.

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