Peter Brandt Warns "True Bottom May Be in October 2026," Dollar Liquidity Becomes Key Variable for ETH

Odaily News According to renowned trader and chart analyst Peter Brandt, who successfully predicted the 2018 Bitcoin crash, the Bitcoin market may not have hit its true bottom yet, suggesting that "the real bottom might not appear until October 2026." He had previously forecasted that Bitcoin could drop to the $60,000 range in Q3 2026. On February 6th, Bitcoin briefly fell to around $62,700. Brandt believes that prices may fluctuate upward in the short term but could still retreat to the high $50,000 range within the year.

Meanwhile, Arthur Hayes pointed out that Ethereum's price may continue to consolidate sideways within the current range until US dollar liquidity improves. At the time of writing, Ethereum is trading around $1,941, having fallen over 40% in the past 30 days. However, Michaël van de Poppe, founder of MN Trading Capital, believes Ethereum is currently in an attractive accumulation zone and emphasized that stablecoin trading volume has grown by approximately 200% over the past 18 months. (cointelegraph)