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Trader Peter Brandt: Bitcoin price could fall 75% if it fails to reach all-time high
2024-10-12 03:28
Odaily News Well-known trader and chart analyst Peter Brandt warned Bitcoin investors that market trends show potential downside risks. He pointed out that Bitcoin has not set a new high for 30 consecutive weeks, and similar situations in history usually lead to price drops of more than 75%. Brandt remains optimistic and predicts that the price of Bitcoin will reach $135,000 by August or September 2025, but at the same time warns that if Bitcoin falls below $48,000, his analysis will be invalid and the market needs to be reassessed. Brandt also emphasized that Bitcoin's gains tend to occur in the second half of the four-year halving cycle. (news.bitcoin)