Peter Brandt Warns Nasdaq 100 Mini Futures May Be Forming a Market Top

Trader and chart analyst Peter Brandt said the daily chart of the Nasdaq 100 mini futures may be forming a diamond pattern and could already represent a market top. According to ChainCatcher, Brandt recently said Bitcoin may first rebound by $10,000, then fall toward the $40,000 range, before bottoming in early October 2026. Brandt based his warning on Bitcoin's historical cycle pattern and said the asset could stage a false breakout, adding that Bitcoin is trading near $60,000 and faces near-term downside risk. He also said he remains long-term bullish on Bitcoin and expects the price could reach $300,000 to $500,000 by 2029.