BlockBeats News, July 17th - Renowned trader and chart analyst Peter Brandt stated today that the daily chart of the Nasdaq 100 E-mini futures (NQ) may be forming a "diamond" pattern, indicating a possible market top.

Furthermore, Peter Brandt recently predicted in an interview that Bitcoin may first rally to $10,000, then drop to a high of $40,000, and form a bottom in early October 2026. Brandt issued a warning based on Bitcoin's historical cycle pattern, suggesting a potential fakeout. Currently, Bitcoin is trading around $60,000, facing short-term downward risk.

Brandt also emphasized his long-term bullish view on Bitcoin, projecting a price between $300,000 and $500,000 by 2029.