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Peter Brandt’s SBIT Signal Suggests Bitcoin May Face Extended Bear Market in 2026
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Peter Brandt’s SBIT Signal Suggests Bitcoin May Face Extended Bear Market in 2026
Veteran trader Peter Brandt has highlighted a key technical pattern that could signal further downside for Bitcoin, raising doubts about the possibility of a crypto market summer rally in 2026. Brandt recently shared an analysis of the ProShares UltraShort Bitcoin ETF (SBIT), a leveraged investment product designed to deliver twice the inverse daily performance of Bitcoin. The latest SBIT chart, originally brought to Brandts attention by market …
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