Haciyev Reşit 
As Bitcoin continues to trade below its recent highs, uncertainty has once again come to the forefront of the markets. Veteran trader and technical analyst Peter Brandt argues that Bitcoin’s current market cycle is not yet complete and that a deeper correction could occur before a true bottom is formed. Brandt’s remarks have sparked renewed debate among investors regarding both short-term risks and long-term expectations.
Peter Brandt: “The True Bottom May Not Have Been Seen Yet”
According to Peter Brandt, Bitcoin cycles last much longer than most investors expect. These cycles often span years rather than months, and sharp corrections are inevitable after major rallies. Looking at past cycles, Brandt reminds investors that declines of up to 80% have followed every major bull run.
In his view, current price action suggests that the market has not yet fully reset. As a result, the long-term bottom for Bitcoin may not have formed yet, and the next major bull market peak could be delayed until 2029.
Bitcoin’s nearly 15-year price history shows recurring patterns. Parabolic rises are typically fueled by excessive leverage and speculation, followed by sharp corrections. Brandt argues that these corrections are necessary for the market to reset in a healthy way and prepare for a new cycle. In more negative scenarios, he suggests Bitcoin could fall below $60,000, and under extreme market stress, even the $20,000 range could come back into focus. These projections underscore the importance of risk management, especially for short-term investors.
Is Bitcoin Weakness an Opportunity for Altcoins?
Bitcoin’s weak outlook has reignited discussions around the altcoin market. Historically, periods when Bitcoin trades sideways or loses strength have sometimes allowed certain altcoins to outperform. For this reason, some investors believe capital rotation could shift toward Ethereum and select altcoins.
Ethereum, in particular, stands out as a potential candidate due to its role in DeFi, tokenization, and growing institutional use cases. If Bitcoin fails to establish a clear uptrend, limited but notable moves could occur in a small number of fundamentally strong projects.
Warning: “An Altcoin Season May Not Happen”
However, not everyone agrees with this scenario. Crypto analyst Benjamin Cowen argues that due to macroeconomic conditions and tight monetary policies, a true altcoin season may not occur in this cycle. According to Cowen, many investors continue to hold positions in weak projects while waiting for an altcoin rally that may never materialize. He emphasizes that long-term returns are more likely to come from assets with strong fundamentals rather than speculative narratives.
As differing views persist in the Bitcoin market, there is no clear consensus on a single scenario. While some institutions expect new highs in 2026, figures like Peter Brandt point to a longer and more painful process. In the current environment, risk management, portfolio diversification, and close monitoring of macroeconomic conditions appear more important than ever for investors.
You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.