Peter Brandt: BTC must top $93K to end bearish trend, bottom likely in October

Veteran trader Peter Brandt has predicted that the true bottom for Bitcoin is likely to emerge around this October, U.Today reported. He stated that BTC must surpass $93,000 to invalidate its current bearish structure, noting that the technical setup has deteriorated since the price fell below its January high of $92,000. Brandt added that the bottom of this cycle is likely to form in October, with prices expected to be between $42,000 and the low $60,000s.