Veteran trader Peter Brandt has resurfaced his widely followed June 2019 logarithmic Bitcoin chart, arguing that the structure of the cryptocurrency’s fourth parabolic phase remains intact. The Factor LLC CEO originally published the model when Bitcoin was trading near $10,000, setting a cycle target of $100,000. His repost in September 2026 came as Bitcoin pushed through $80,000 and tested resistance near $82,000, reinforcing what Brandt describes as a multi-year bullish trend.
Brandt’s original analysis highlighted that no traditional asset—including Apple, Amazon, Netflix and gold—could replicate Bitcoin’s cyclical performance. Historical weekly log data showed previous cycle gains of 20x, 489x, 42x and 93x. However, Brandt and other analysts note a key difference in 2026: the current phase is supported by institutional inflows through spot ETFs rather than the retail speculation that drove the 2019 parabola. Because of Bitcoin’s much larger market capitalization, future returns are expected to be subject to diminishing effects, but the logarithmic trajectory remains unchanged as long as critical support lines hold.
Separate technical analysis dated September 7, 2026 shows Bitcoin making a higher high after tagging $82,350 before rejection. On the 4-hour chart, price action has morphed from a pennant/wedge structure into an ascending channel, with the key macro high at $82,825. Short-term support sits near $78,530, while $79,520 may flip back into resistance. Analysts note that the daily structure can still be interpreted as a bull flag, with a measured move to approximately $95,400 if the breakout occurs—just short of the $97,900 level needed to officially shift the bear trend back to bull.
On the weekly timeframe, Bitcoin’s massive recovery candle remains constructive, but traders caution that the uptrend is not yet confirmed while the higher high remains untested. Stochastic RSI momentum may cool near the 80 level; however, the dominant thesis remains bullish as long as Bitcoin avoids a correction below $69,000. The combination of Brandt’s revived parabolic model and the current technical structure suggests that, while the path to new highs may be volatile, Bitcoin’s long-term uptrend still has no historical equivalent.
