Veteran Trader Peter Brandt Issues Bitcoin Warning, Says 75% Decline on the Table After Lengthy Consolidation

Veteran dealer Peter Brandt warns that Bitcoin (BTC) has traditionally witnessed a large meltdown after failing to achieve new all-time highs for a time frame.

The legendary dealer tells In response to its 742,500 followers on social media platform

“Hey Bitcoiners, are you acquainted with the idea of ‘market analogs?’

This is one thing to consider.

It has been 30 weeks since BTC made an ATH (all-time excessive).

Every time [BTC] If no decisive new ATH is made inside this time, a decline of greater than 75% has occurred.”

Brandt say Bitcoin’s value declines remind him of an previous saying about market weak point.

“I am an previous man and there is an previous saying:

“Markets that do not rise normally cannot rise.”

Whereas Brandt paints a really bearish state of affairs for Bitcoin, he says highlights that he’s solely sharing an commentary and never a market forecast.

‘I am simply making an commentary. Bitcoin is the most important tradable asset in my internet value. Those that can’t look each methods normally find yourself in a automobile accident.”

Final week, he revealed a bullish state of affairs for Bitcoin, noting that BTC tends to submit big beneficial properties within the second half of a halving cycle.

“Right here is the macro photograph of Bitcoin BTC.

Observations:

-Enormous beneficial properties come after half of the halving cycles

-The interval since March 2024 seems to be an insignificant, temporary pause in an ongoing pattern

-My aim is $135,000 by August/September 2025

-Shut beneath $48,000 negates my chart evaluation.”

On the time of writing, Bitcoin is value $62,741.

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