Brandt’s Bold Prediction: Why a 75% Bitcoin Crash Could Be on the Horizon
Bitcoin's relentless climb faces a stark warning from one analyst.
The Bearish Case
Peter Brandt, a veteran chartist, points to historical patterns that suggest a dramatic correction isn't just possible—it's probable. His analysis hinges on a specific technical formation that, in his view, signals a potential 75% plunge from current levels. Forget the moon for a moment; Brandt's looking at the cliff's edge.
Anatomy of a Crash
The argument centers on a classic parabolic advance, a pattern notorious for its breathtaking rallies and equally devastating collapses. When these curves break, they don't just dip—they often revert to the mean with violent speed. Brandt's charts suggest Bitcoin's trajectory is mirroring this dangerous setup, ignoring the usual whispers of 'this time is different' from crypto bros and traditional finance suits alike.
The Market's Blind Spot
Mainstream euphoria and institutional adoption narratives often drown out cautionary tales. Yet, technical analysis operates on pure price action, indifferent to hype or headlines. It's a cold, numbers-based reality check in a market fueled by hot takes and hopium—a welcome dose of cynicism in an industry that sometimes confuses a bull market with genius.
Will history repeat, or will this cycle truly defy gravity? Brandt's warning serves as a stark reminder: in crypto, what goes up must come down, and sometimes it does so with a 75% haircut that leaves even the most ardent believers checking their portfolios through their fingers.
Market veteran Peter Brandt has suggested that Bitcoin could correct by as much as 75%, citing historical data. His recent commentary comes on the back of the latest Bitcoin crash below $90,000 on Dec.
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