Analyst Peter Brandt: Bitcoin's pattern has shifted to a valid bottom and he has bought on the breakout

Odaily News - Peter Brandt, the renowned trader and chart analyst who successfully predicted the Bitcoin crash in 2018, posted yesterday that Bitcoin had initially shown an inverted head-and-shoulders pattern within a broader downtrend, leading him to adopt a bearish stance. However, the recent surge has completely transformed the pattern into a valid bottom. Brandt stated outright that he has chosen to buy on the breakout. Earlier on July 20, he had projected that the current market cycle would bottom out on October 4, 2026, and expressed the view that Bitcoin's returns over the next two to three years could outperform AI stocks.