Peter Brandt Forecasts Major Bitcoin Price Drop, Raising Concerns Among Traders

Veteran crypto trader Peter Brandt has issued a stark warning: Bitcoin could experience a significant price drop of up to 75%. This prediction is based on his analysis of historical market patterns that resemble previous downturns. Brandt’s insights come as the cryptocurrency hovers around $112,000, despite sustained institutional interest reflected in recent ETF inflows. He highlights this disconnect between Bitcoin’s value and the bullish trends currently observed, drawing parallels to 2022’s bear market.