Advertisement
AD

Main navigation

Bitcoin (BTC) Faces Brutal Drop, Confirms Legendary Trader Peter Brandt

Fri, 28/03/2025 - 11:32
Ultra-bearish Bitcoin (BTC) prediction just approved by legendary trader Peter Brandt
Advertisement
Bitcoin (BTC) Faces Brutal Drop, Confirms Legendary Trader Peter Brandt
Cover image via U.Today

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

The price of Bitcoin and other cryptocurrencies remains in an incomprehensible state. Some call it choppy, others call it a crab market. Both sellers and buyers are hurt by small fluctuations here and there.

Advertisement

The important thing is that Bitcoin is not soaring. It would be better if it did not fall either, but unfortunately the price of BTC has fallen over 4% this week from weekly highs of $89,000.

Related

However, this may not be the end of the pain for holders of Bitcoin and, of course, other crypto assets, as when the leader falls, others follow. The possibility of further declines was recently highlighted by a trader many call a legend of the financial markets, Peter Brandt.

Advertisement

He, who has over 50 years of trading experience, recently focused his attention on the Bitcoin price outlook, which predicts that the cryptocurrency could fall to the low $70,000s directly from the current price. 

Related

The pattern that the analyst, whose outlook has earned him recognition from the trading legend, has identified is similar to a bear flag pattern, with the surge of recent weeks being its flag phase.

For Peter Brandt, this chart does not appear to be an "unreasonable expectation" and he therefore agrees with the possibility that BTC could lose around 15% of its value in the coming weeks.

Related

Whether this is the primary scenario for the leading cryptocurrency remains open to speculation. There is still a chance that even this scenario will be invalidated, as its author himself allows $91,000 per BTC to rewrite the script, or "break the ice" if you will.

Advertisement
Last updated: Just now
USD Vol: $ 1.76 B
Mkt Cap: $ 1,653.87 B
All Vol: $ 17.93 B
Subscribe to daily newsletter

Recommended articles

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD