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Peter Brandt: Not Bullish on Bitcoin Seeing New High This Year, Expects Retest of $60K in September or October

2026.03.31 09:37:31

**Bitcoin Unlikely to Hit New ATH in 2026: Peter Brandt, Predictions Markets – Cointelegraph** Renowned trader and chart analyst Peter Brandt—who accurately forecast Bitcoin’s sharp 2018 decline—joined predictions market users in doubting the crypto will reach a new all-time high (ATH) in 2026, per a March 31 Cointelegraph report. Brandt stated: “I don’t believe Bitcoin will hit a new ATH in 2026—maybe not until Q2 2027.” He added, “It’s all speculation.” On Polymarket, the probability of Bitcoin returning to $120,000 in 2026 stands at just 15%. Regarding the year’s low, Brandt noted the $60,000 level hit Feb. 6 may not be the yearly bottom. He expects a retest in September/October 2024, with a potential “slight dip” marking the bear market’s bottom and the start of a new bull phase. His long-term Bitcoin thesis remains unchanged: “Bitcoin’s narrative is wealth storage, and utility built on it could impact price.” He also holds a neutral or bearish stance on all other cryptocurrencies. Other industry takes: - Bitcoin analyst Willy Woo (March 17): From a liquidity lens, Bitcoin has completed ~one-third of its bear market. - SkyBridge Managing Partner Anthony Scaramucci (last week): Bitcoin is in the bear phase of its four-year cycle; the cycle’s longstanding “whale cohort” may create a self-fulfilling prophecy. Market sentiment cues: - Spot Bitcoin ETFs saw four straight weeks of net outflows, with $296.18 million in redemptions last week. - The Crypto Fear & Greed Index hit 8 on Monday, staying in the “extreme fear” zone since March 20.
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Nebius's stock closed up over 34%, marking its largest gain since September last year.

According to market data from BIT (bit.com), Nebius, a leading neo-cloud player, closed 34.14% higher, marking its largest single-day gain since September last year, though it fell 2.01% in after-hours trading. Earlier reports noted that Nebius (ticker: NBIS) released its second-quarter financial results: the company’s Q2 revenue reached $582.3 million, a 454% increase from $105.1 million in the same period last year. Adjusted EBITDA for Q2 stood at $236.2 million, compared to a net loss of $21 million in the year-ago quarter, turning profitable. Its adjusted net loss narrowed 64% to $33.2 million, down from $91.5 million in the same quarter last year. However, the company’s net loss from continuing operations in Q2 was $190.4 million, versus a net profit of $502.5 million in the year-ago period. For the first half of 2026, Nebius’ cumulative revenue totaled $981.3 million, up 529% year-over-year; adjusted EBITDA reached $365.7 million, compared to a net loss of $74.7 million in the same period last year.

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Sources familiar with the matter: Google's restructured division is focusing full efforts on developing Gemini.

According to Reuters, citing sources, Alphabet (GOOG.O), Google’s parent company, is implementing a large-scale leadership reshuffle at Google DeepMind, with some teams set to move from DeepMind to Google’s enterprise division, further weakening DeepMind’s autonomy. Sources said Google co-founder Sergey Brin has in recent months urged core AI staff to “go all in” on the Gemini model and advance AI research directions such as “recursive self-improvement.” After the adjustment, DeepMind head Demis Hassabis will shift to chairman, while his deputy Koray Kavukcuoglu will take over leadership duties. Google stated that Kavukcuoglu will hold final decision-making power over major DeepMind matters. Sources added that internal tests show the new flagship Gemini model still lags behind competitors in areas like programming, prompting Google to push back its launch by two months. Analysts believe Alphabet’s latest restructuring aims to accelerate AI commercialization and regain a competitive edge in model development, though some employees worry DeepMind’s long-term research autonomy may decline further.

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Optical communications giant Coherent's earnings and guidance beat market expectations across the board.

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Cerebras posts mixed Q2 financial results, shares drop 17% in after-hours trading.

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