Bearish Bitcoin Outlook: Peter Brandt and Bob Loukas Warn of Prolonged Slump

6 hour ago 3 sources negative

Key takeaways:

  • SBIT's inverted head-and-shoulders breakout would signal amplified Bitcoin selling due to leveraged rebalancing.
  • A failure at $61–62 resistance could indicate a contrarian Bitcoin bounce opportunity for short-term traders.
  • Loukas' 3–5 month consolidation call suggests traders should avoid momentum longs until Q4.
BTC BTC $61798.30 -2.47%

Veteran trader Peter Brandt shared a bearish analysis of Bitcoin through the ProShares UltraShort Bitcoin ETF (SBIT), which profits from BTC declines with double leverage. In 2026, Bitcoin has already dropped 29.85%, while SBIT surged 46.49%. A classic inverted Head and Shoulders pattern has formed on SBIT’s daily chart, now testing resistance at $61–$62. A breakout would signal a new wave of Bitcoin selling.

Brandt highlighted that the mathematics of leveraged ETFs historically favor sellers. Fellow analyst Bob Loukas echoed the skepticism, stating that Bitcoin needs 3 to 5 months of sideways consolidation before the next bull cycle can begin. Loukas advised investors to avoid speculative assets, effectively canceling hopes of a summer rally.

BTC BTC Bitcoin $61798.30 -2.47%
Strongly bearish fundamentals: veteran traders warn of prolonged slump, inverted H&S on SBIT signals further Bitcoin selling. Short-term sell pressure likely, no summer rally.
Sources
No Bitcoin Bull Run This Summer: Expert Trader Peter Brandt's New Outlook Forecasts Slump
u.today 09.06.2026 14:43
SBIT jumps 46 percent as BTC drops 30 percent
COINTURK NEWS 09.06.2026 15:49
Peter Brandt Reveals Chart Pattern That Could Crush Bitcoin Hopes
36crypto.com 09.06.2026 19:04
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