Why Peter Brandt Expects Bitcoin (BTC) to Fall

Peter Brandt, a veteran trader with decades of market experience, has taken a short position in Bitcoin ￰0￱ being a long-term holder of BTC, Brandt is trading against it in the short term based on technical signals that suggest further downside is ￰1￱ Pattern Indicates Risk On the daily chart, Brandt identified a broadening formation, sometimes referred to as a megaphone ￰2￱ shows five distinct swings, with the most recent top near $126,000. After this high, Bitcoin moved into a sideways range between $106,000 and $116,000 before dipping below the south boundary.) October 31, 2025 A sudden move higher could trigger short liquidations, leading to a quick price ￰3￱ current levels, there are fewer large orders, which may weaken support on the way down.

Notably, Bitcoin has a history of large drawdowns after hitting the upper boundary of its long-term trend ￰4￱ rejections have led to drops of 84% and 77%. The latest chart shows another rejection near this same trendline, with a potential 73% decline if the pattern ￰5￱ Fencer added , “Every time Bitcoin rejects this line, it dumps 70%… Hope you are ready for $BTC at $40,000.” A move toward that zone would match the lower boundary of the multi-year channel.) to Fall appeared first on CryptoPotato .