Trader Peter Brandt: If Bitcoin fails to reach its all-time high, the price could potentially drop by 75%
Renowned trader and chart analyst Peter Brandt warns Bitcoin investors of potential downside risks as market trends indicate. He points out that Bitcoin has not hit a new high for 30 consecutive weeks, a situation which historically often leads to price drops of over 75%.
Brandt remains optimistic, predicting that the price of Bitcoin will reach $135,000 by August or September 2025. However, he also cautions that if Bitcoin falls below $48,000, his analysis would be invalidated and the market would need to be reassessed. Brandt further emphasizes that Bitcoin's upward momentum typically occurs in the latter half of its four-year halving cycle. (news.bitcoin)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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