Veteran trader Peter Brandt and Polymarket participants are cautious about Bitcoin's immediate future. They predict a low chance of Bitcoin reaching new all-time highs this year or even by 2026, with some looking as far as 2027 for a recovery.

Traders on Polymarket, a platform where people bet on future events, believe there is only a 15% chance Bitcoin will reach $120,000 by 2026. This shows a cautious outlook among these market participants. Adding to this sentiment, experienced trader Peter Brandt does not expect Bitcoin to set a new record price until the second quarter of 2027. Both views suggest that a significant price increase for the digital currency might not happen very soon, urging patience from investors.