Woofun AI reports that chart analyst Peter Brandt identified a potential "diamond" pattern on the Nasdaq 100 mini futures daily chart, suggesting a market top may have formed. Brandt predicts Bitcoin could rebound by $10,000 before declining to $40,000 to establish a bottom in early October 2026, citing historical cycle risks of false breakouts near current $60,000 levels. Despite near-term downside risks, he maintains long-term optimism, projecting a price range of $300,000 to $500,000 by 2029.