Veteran Trader Warns of Potential Bitcoin Downturn, Echoes 2022 Crash Pattern

Veteran trader Peter Brandt has issued a warning about potential Bitcoin price decline, citing a familiar chart pattern reminiscent of the 2022 crash. His analysis suggests a significant downturn with a 75% drop risk, based on a Double Top pattern and an EMA crossover similar to past bear markets. While Brandt’s predictions have historically influenced market sentiment, this time, some analysts disagree. Notably, institutional investors are showing varying reactions, with continued interest in Bitcoin ETFs indicating diverse market outlooks despite the risks involved.