AI TRENDS | Peter Brandt Sees Nasdaq 100 Top Pattern and Bitcoin Pullback Risk

Veteran trader and chart analyst Peter Brandt said the Nasdaq 100 mini futures formed a diamond pattern on the daily chart, which may indicate a market top. According to Odaily, Brandt said Bitcoin could first rebound by $10,000, then fall back to the $40,000 range, and form the bottom of the current cycle in early October 2026. He said Bitcoin is trading around $60,000 and warned of downside risk from false breakouts. Brandt also kept a longer-term bullish view, saying that if Bitcoin continues following its historical four-year halving cycle, the price could reach the $300,000 to $500,000 range in 2029.