Bitcoin continues to face downward pressure, unable to reclaim recent highs, as veteran trader Peter Brandt cautions that the current cycle may not be over. Brandt suggests that Bitcoin price prediction models indicate a potential bull peak in 2029, with further declines likely before reaching a bottom. Meanwhile, market participants are debating the potential for altcoin rotation amid Bitcoin's weakness, though analysts remain divided on the likelihood of a true altseason without stronger macroeconomic conditions.