Peter Brandt is becoming less focused on predicting Bitcoin’s exact bottom and more focused on identifying the next low-risk entry point.
The veteran trader now believes Bitcoin may have already ended its bear market, despite previously expecting a potential bottom in October. With BTC having fallen to around $58,000 in June before recovering, Brandt says the market may have completed its correction earlier than he anticipated.
That doesn’t mean he expects a straight-line rally.
Brandt sees a possible pullback toward $65,000–$66,000 in early October as investors who chased the recent rally could be forced out of their positions. In his view, such a correction could create another opportunity to accumulate Bitcoin.
His longer-term outlook has also become more bullish. Brandt expects Bitcoin’s next major cycle peak to fall somewhere between $300,000 and $600,000, with $500,000 now a realistic possibility in his framework.
But Brandt is less interested in explaining every move through headlines, legislation or market narratives. His approach is simple: watch the price first and build the story afterward.
He applies the same skepticism to altcoins, particularly XRP. For Brandt, a cryptocurrency having real-world transactional utility does not automatically mean its token should appreciate in value.
His broader message is less about chasing the next big coin and more about managing exposure, waiting for attractive setups and treating trading as a long-term process.
“Let price be king.”
