Veteran trader Peter Brandt criticizes cryptocurrency traders who believe they can predict market prices with accuracy, arguing that charting is more about recognizing historical patterns than making accurate predictions. He emphasizes the importance of understanding probability and volatility when navigating the crypto market. His experience in commodity trading, particularly corn, informs his approach to charts. While acknowledging past successes in predicting Bitcoin’s movements, Brandt cautions against overly optimistic price predictions based on emotions and hype. He believes Bitcoin’s bull run has been ongoing for several years, but warns that historical patterns indicate diminishing returns. Brandt emphasizes the importance of understanding exponential decay in market cycles. He suggests a critical look at Bitcoin’s recent gains and urges caution regarding unrealistic price expectations.