Veteran trader Peter Brandt on Monday urged Bitcoin (CRYPTO: BTC) bulls who are predicting $250,000 in 2026 to tone down the hype and focus on more realistic price targets.
No Bullish Bottoming Pattern Yet
Brandt, a technical analyst with nearly 50 years of experience, attached a daily chart on X, showing Bitcoin trading in a defined channel pattern since late 2025
“While it does not preclude further price gains, it is NOT a bullish bottoming pattern,” Brandt stated. “Those of you predicting $250,000 in 2026 need to stop with the mushrooms.”
BitcoinersThose of you predicting $250,000 in 2026 need to stop with the mushroomsThis is called a channel $BTCWhile it does not preclude further price gains, it is NOT a bullish bottoming patternThe Factor Report reports on classical chart analysis https://t.co/6nRit1xsVp pic.twitter.com/ApMM46KFla
— The Factor Report (@PeterLBrandt) April 27, 2026
Last …Full story available on Benzinga.com
