Bitcoin's Future Highs and Market Sentiment Analyzed by Experts

Bitcoin's future price trajectory remains a topic of debate among experts. According to BlockBeats, renowned trader and chart analyst Peter Brandt, who accurately predicted Bitcoin's 2018 crash, holds a pessimistic view on Bitcoin reaching new highs by 2026. Brandt suggests that a new peak might not occur until the second quarter of 2027, emphasizing that his predictions are speculative. On the prediction market platform Polymarket, the probability of Bitcoin reaching $120,000 by 2026 is estimated at only 15%. Regarding this year's low, Brandt noted that the $60,000 level on February 6 might not be the lowest for the year. He anticipates a potential retest of this level, or slightly lower, in September or October, marking the bear market cycle's low point and the start of a new bull market. Despite his cautious outlook, Brandt maintains his long-term belief in Bitcoin as a store of wealth, though he remains neutral or bearish on other cryptocurrencies. Bitcoin analyst Willy Woo commented on March 17 that, from a liquidity perspective, Bitcoin has completed about one-third of its bear market. SkyBridge Managing Partner Anthony Scaramucci also remarked last week that Bitcoin is currently in the bear phase of its four-year cycle, suggesting that long-standing whale investors might create a self-fulfilling prophecy. On the sentiment front, spot Bitcoin ETFs ended a four-week streak of net inflows, recording a net outflow of $296.18 million last week. The Crypto Fear and Greed Index reported a score of 8 on Monday, indicating a state of "extreme fear" since March 20.