[Peter Brandt: Bitcoin pattern has shifted to a valid bottom, purchased during the breakout] BlockBeats News, August 21 — Renowned trader and chart analyst Peter Brandt, who successfully predicted Bitcoin's crash in 2018, stated yesterday that Bitcoin initially formed an inverted head-and-shoulders pattern and was overall in a downward trend, thus bearish. However, the recent surge has caused Bitcoin's pattern to completely shift to a valid bottom. Brandt candidly admitted, 'I purchased during the breakout, for better or worse.' On July 20, Peter Brandt predicted that Bitcoin's current market cycle would bottom out on October 4, 2026, and believes that investing in Bitcoin now may outperform investments in AI stocks over the next two to three years. [Original link]