Trader Peter Brandt: Bitcoin price could fall 75% if it fails to reach all-time high
On October 12, famous trader and chart analyst Peter Brandt warned Bitcoin investors of potential downside risks in the market trend. He pointed out that Bitcoin has not reached a new high for 30 consecutive weeks, and historically, similar situations have led to a price drop of over 75%. Brandt remains optimistic, predicting that the price of Bitcoin will reach $135,000 in August or September 2025, but also warning that if Bitcoin falls below $48,000, his analysis will be invalidated and the market will need to be reassessed. Brandt also emphasized that Bitcoin's upward trend often occurs in the second half of the four-year halving cycle.
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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