- Veteran trader alerts on Bitcoin’s possible deep price drop.
- Market pattern mirrors November 2021 downturn.
- Expert analyses reveal contrasting views on prediction.
Peter Brandt, known for technical analysis expertise, predicts Bitcoin could fall steeply from expected peaks around $108K–$110K, echoing a historic crash. His analysis centered on recognizable chart patterns suggesting this outcome.
Brandt made his prediction via his official X account, suggesting Bitcoin might repeat the sharp price decline observed post-November 2021. No significant statements from major crypto figures address his prediction.
Bitcoin, the leading cryptocurrency, might face a substantial downturn affecting related altcoins. Brandt’s forecasting raised community discussions, though official data from on-chain metrics doesn’t confirm an imminent crash.
Financial experts emphasize market reactions, with differing opinions on Brandt’s outlook, highlighting tighter monetary policies contrasting with past loose conditions which impacted crypto volatility during 2021 trends. Pav Hundal, Head Analyst at Swyftx, stated it’s “very unlikely at the moment” that Bitcoin will follow a 75% crash, citing changed macroeconomic conditions compared to the pandemic recovery period of 2022. Cryptonomist
Brandt’s outlook contributes to heightened trading concerns within the crypto space. Diverse analyst insights shape perspectives on viable financial actions, with some pointing to ongoing stability trends, lacking signs of an extreme drop similar to before.
Notable analysts, like Pav Hundal from Swyftx, counter Brandt’s view by noting substantial macroeconomic policy shifts. These underpin predictions of a more stable trajectory, unlike 2021’s environment. Brandt’s theorized analysis cautions yet divides market viewpoints.
