[Peter Brandt: Unlikely for Bitcoin to Hit a New High This Year, Expected to Retest $60,000 in September or October] BlockBeats News, March 31, according to a report by Cointelegraph, renowned trader and chart analyst Peter Brandt, who successfully predicted Bitcoin's crash in 2018, along with prediction market users, hold a pessimistic outlook on Bitcoin reaching a new high by 2026. Peter Brandt stated: 'I don’t think Bitcoin will hit a new high in 2026, maybe not until the second quarter of 2027.' He also added, 'This is all just speculation.' On Polymarket, the probability of Bitcoin returning to $120,000 by 2026 is only 15%. Regarding the low point for this year, Peter Brandt mentioned that the $60,000 level on February 6 might not be the lowest for the year. He predicts that this level, or even 'slightly lower,' could be retested in September or October, marking the bear market cycle's low point, which would then kickstart a new bull market. He also stated that his long-term thesis on Bitcoin remains unchanged: 'The story of Bitcoin is about wealth storage. Whether utility can be built on Bitcoin may influence its price,' while noting that he holds a neutral or bearish stance on all other cryptocurrencies. Bitcoin analyst Willy Woo stated on March 17 that, from a liquidity perspective, Bitcoin has completed about 'one-third of the bear market.' SkyBridge managing partner Anthony Scaramucci also remarked last week that Bitcoin is currently in the bear market phase of its four-year cycle, pointing out that the veteran whale groups who believe in the four-year cycle may create a self-fulfilling prophecy. On the sentiment side, spot Bitcoin ETFs ended four consecutive weeks of net inflows, recording a net outflow of $296.18 million last week. The Crypto Fear & Greed Index reported a score of 8 on Monday, remaining in the 'Extreme Fear' zone since March 20.