Bitcoin Price Outlook Bleak Amidst Four-Year Cycle Theory

Bitcoin's price has been on a downward trend since its all-time high of $126,100 reached last October. The cryptocurrency is currently trading at $66,329, down 47% from its peak.

Peter Brandt, a veteran trader, believes that it could be more than a year before Bitcoin regains its all-time high. In an interview with Cointelegraph, he stated that he does not see a new price high in 2026, and predicted that it may not happen until the second quarter of 2027.

Polymarket traders are equally pessimistic, giving only a 15% chance that Bitcoin will reclaim $120,000 in 2026. The prediction market on 'What price will Bitcoin hit in 2026?' shows a majority of traders expecting a lower price for the cryptocurrency.