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Bitcoin may face a severe drop with no bottom until October, warns chartist Peter Brandt.

Market News
04 Jun 2026
UToday
View Source
Bearish
pluang ai news

Legendary chartist Peter Brandt has warned that Bitcoin could experience a significant 'terminal wash-out,' meaning a sharp and prolonged price decline, with no clear market bottom expected until October 2026. Bitcoin recently broke below a key ascending channel and touched the critical 200-week moving average, signaling a confirmed trend reversal. Despite institutional inflows and ETF buying, selling pressure remains strong, pushing prices back to early 2024 levels. This suggests a major redistribution of Bitcoin holdings, with some investors expecting a prolonged bear market before recovery.

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