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Peter Brandt Warns Bitcoin May Weaken Further; October Marks Tradable Low

Price Prediction Market Analysis

2026-06-05 02:36:46

BTC-0.15%

According to Peter Brandt, on June 3, bitcoin has reached his initial downside target near the February low, yet the veteran trader cautioned that further declines or a terminal wash-out phase could occur before a durable bottom forms. Brandt said: "Bitcoin has met its initial target at Feb low. This does not mean that BTC cannot work lower or have a terminal wash-out. I do not see a tradable low until October." The trader's April 23 projections pointed to an investable low in September or October 2026, with the next potential high between $300,000 and $500,000 in September or October 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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