Veteran trader Peter Brandt on Monday urged Bitcoin (CRYPTO: BTC) bulls who are predicting $250,000 in 2026 to tone down the hype and focus on more realistic price targets.

No Bullish Bottoming Pattern Yet

Brandt, a technical analyst with nearly 50 years of experience, attached a daily chart on X, showing Bitcoin trading in a defined channel pattern since late 2025

“While it does not preclude further price gains, it is NOT a bullish bottoming pattern,” Brandt stated. “Those of you predicting $250,000 in 2026 need to stop with the mushrooms.”

Last week, Brandt predicted an “investable low” for Bitcoin in September or October 2026, and if the patterns persist, a major high between…

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