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Trader Peter Brandt doubts Bitcoin will hit $250K by 2026 despite recent rebound.

Analyst Insights
28 Apr 2026
Coinpaper
View Source
Neutral
pluang ai news

Bitcoin recently rebounded near $77,000 but veteran trader Peter Brandt disputes predictions that it will reach $250,000 by the end of 2026. Brandt argues the current price chart lacks the bullish bottom pattern needed for such a surge, describing Bitcoin's movement as confined within an ascending channel rather than a breakout setup. Despite increased trading volume and some bullish forecasts tied to institutional demand and regulatory improvements, profit-taking and cautious derivatives activity suggest uncertainty in the short-term trend. Market watchers continue to monitor U.S. crypto regulations and Bitcoin ETF inflows as key factors influencing future price movements.

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