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

Odaily Planet Daily News Renowned trader and chart analyst Peter Brandt, who successfully predicted the Bitcoin crash in 2018, posted yesterday that Bitcoin originally exhibited an inverted head-and-shoulders pattern and was in a downtrend, leading him to be bearish. 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. Previously, on July 20, he had predicted that the current market cycle would hit bottom on October 4, 2026, and believed that Bitcoin's returns over the next two to three years could outperform AI stocks.