Grok: Bitcoin’s new phase has started

We’re not sure yet whether we can believe him, but it is notable that Grok, the well-known AI bot of billionaire Elon Musk, thinks Bitcoin’s recent upward breakout is a reversal and will likely mark the start of a new leg up. Renowned chart reader Peter Brandt also believes this. He’s convinced of several months of upward movement.

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Peter Brandt, the well-known chart reader who has been watching and predicting Bitcoin for years, managed to predict Bitcoin’s drop from its ATH of $126,000 to $58,000 to within a few thousands of dollars.

I view this as potentially the significant change of price behavior since the top in Oct@BitcoinLive1 report forthcoming at https://t.co/B21biKQ8fC pic.twitter.com/gHEXGfaC4x

— Peter Brandt (@PeterLBrandt) March 4, 2026

He now sees Bitcoin’s recent rise over the past week as the start of a new leg up, as it is a breakout out of the descending trend channel in which the largest digital currency has been trading for months.

Grok

As many people on social media aren’t subscribers to Peter’s newsletter (and therefore can’t read his analysis), they flocked to Grok, Elon Musk’s well-known AI bot, to analyze Bitcoin’s performance based on Peter’s chart.

Grok confirmed that Peter’s analysis predicts Bitcoin’s reversal has begun and that it’s quite possible we’ll see a return to higher levels from now on.

The next few days will be exciting.