Bitcoin's uncertain future: Analyst warns of deeper pullback ahead
Bitcoin's price movement has drawn fresh attention from analysts, with warnings of a possible deeper pullback. Veteran trader Peter Brandt suggests the cryptocurrency may struggle to hit new highs this year. Instead, his outlook points to a potential recovery phase only by mid-2027. Brandt highlighted the US$60,000 (Rp1.02 billion) mark as a critical level for Bitcoin. He expects the price to retest this area before any meaningful rebound takes place. Should the current trend mirror January 2026, further declines could push Bitcoin down to around US$45,000 (Rp765 million).
The trader also cast doubt on Bitcoin achieving a new all-time high in 2026. His analysis indicates that any chance of breaking past previous records may not emerge until the second quarter of 2027. The comments reflect broader concerns about short-term volatility in the cryptocurrency market.
Bitcoin's path forward remains uncertain, with key support levels under scrutiny. A drop to US$45,000 would mark a significant correction from recent peaks. Traders and investors are now watching whether the US$60,000 threshold holds as a foundation for future gains.
