Peter Brandt: Top of futures available diamond, Bitcoin or $40,000 Bottom

A recent technical study by a senior trader and well-known graphic analyst, Peter Brandt, pointed out that the NASDAQ 100 Mini Futures Day Line came out of diamond form and had the potential to build the top of the market. For bitcoin, Brandt prejudges the historical cycle: BTC or $10,000 first bounced back, then fell back to the $40,000 zone and formed the bottom of the current cycle at the beginning of October 2026; the current currency price is shaking in the vicinity of $60,000, and it needs to be wary of the downside risk of a false breakthrough. He remains optimistic about the long-term dimensions, and if Bitcoin continues its pattern of halving the cycle over the past four years, prices are expected to reach between $300,000 and $500,000 in 2029。