Bitcoin Hits Critical Point: Veteran Trader Predicts Severe Correction if Parabolic Trend Fails

Veteran trader Peter Brandt has warned that Bitcoin is facing a critical test of its bull market cycle, predicting a significant correction of 75% or more if the current parabolic trend fails. His analysis draws from historical precedent, noting that each major Bitcoin expansion since its inception has been followed by a 75%-plus correction after a breakdown of its dominant parabolic advance.