Analyst Peter Brandt: Bitcoin 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, stated in a post yesterday that Bitcoin was previously showing an inverted head-and-shoulders pattern within an overall downtrend, leading him to hold a bearish view. However, the recent surge has completely transformed the pattern into a valid bottom. Brandt said plainly that he has chosen to buy on the breakout. Earlier, on July 20, he forecast that the current market cycle would bottom out on October 4, 2026, and believed that Bitcoin's returns over the next two to three years could outperform AI stocks.