Veteran analyst Peter Brandt, who had postponed his bullish outlook for Bitcoin (BTC) until 2026, has given the good news that the bear market is over for the popular altcoin.
Peter Brandt, a name renowned for his 50 years of experience, stated that he expects further increases in the price of the Layer-1 blockchain Sui ($SUI).
$SUI, which gained more than 40% in value in the last week, became the star of the market. Commenting on this rise, Brandt announced that $SUI had bottomed out.
“A major bottom is seen on the $SUI chart. The price will enter a trend significantly higher than current levels.”
Remarkably, this was Brandt’s first bullish forecast regarding $SUI.
This surge is attributed to a combination of factors, including Sui’s announcement that it plans to roll out its private trading feature later this year, increased institutional participation, and expectations for the introduction of new features. In particular, the decrease in supply is highlighted as a significant factor. Experts suggest that the reduction in circulating supply, triggered by $SUI Group Holdings, a Nasdaq-listed company, staking all of its approximately 108.7 million $SUI tokens (worth about $143 million), has driven this price increase.
*This is not investment advice.
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