Peter Brandt Spots Ominous Bitcoin Pattern—Will History Repeat With a Brutal Crash?

Veteran trader Peter Brandt just flashed a warning sign for Bitcoin bulls. His charts are painting a dangerously familiar picture—one that’s preceded major collapses before.

Is the king of crypto headed for another reckoning?

Brandt’s track record speaks for itself. When this guy spots a pattern, markets tend to listen. Right now, his analysis suggests Bitcoin’s parabolic rally might be running on borrowed time.

Of course, Wall Street’s ‘experts’ will claim it’s different this time—just like they did before every other crash. Meanwhile, retail traders are already leveraging their homes to buy the dip that hasn’t even happened yet.

Will Bitcoin defy the odds again? Or are we staring down the barrel of a classic crypto winter? One thing’s certain: the charts don’t lie—but your broker’s ‘buy the dip’ email probably does.

TLDR

• Veteran trader Peter Brandt has warned that Bitcoin may be headed for a significant crash.
• He identified a bearish chart pattern that looks similar to the one seen before the 2021 crash.
• Brandt believes the current sideways consolidation resembles the structure before Bitcoin dropped over 50 percent.
• He argues that technical signals are more important than fundamentals in the current market phase.
• Some traders believe that strong fundamentals and mining costs could limit the downside risk.

Bitcoin remains in a tight trading range, yet market watchers face mixed signals. Veteran trader Peter Brandt has warned about a possible Bitcoin crash. While many investors expect a bullish breakout, his technical analysis suggests otherwise.

Peter Brandt Warns of Bitcoin Crash

Peter Brandt recently posted a weekly bitcoin chart showing consolidation near record highs. He compared the current setup to the 2021 top before the Bitcoin crash. That year, Bitcoin hovered above $60,000 before plunging more than 50% in value.

November 2021 all over again? pic.twitter.com/lIA6QFhD9S

— Peter Brandt (@PeterLBrandt) June 14, 2025

The yellow zones on Brandt’s chart highlight a bearish technical pattern. These zones appeared before the previous Bitcoin crash and are showing up again. He sees a similar structure now, with Bitcoin trading just above $104,000.

Brandt believes such consolidation patterns can lead to sharp reversals. History often repeats when market behaviour follows the same visual structure, and his outlook challenges the growing bullish sentiment in the market.

Bitcoin Mining Costs May Not Offer Support

Many traders argue that Bitcoin’s fundamentals have improved since 2021. Some point out stronger institutional adoption, while others highlight the recent spot ETF approvals. But Brandt insists technical signals carry more weight than fundamentals in this phase.

Another concern is Bitcoin’s mining cost, which is closer to the current price. Some believe this acts as a safety net against a Bitcoin crash. However, Brandt counters this view, saying production costs don’t prevent market declines in any commodity.

He suggests markets focus on price action rather than internal metrics. Brandt compares Bitcoin to Gold and agricultural goods, where producers sell regardless of costs. His remarks emphasize a possible disconnect between mining economics and actual market behaviour.

Traders Brace for Breakout or Breakdown

Bitcoin continues to trade in a narrow range without strong directional movement. Traders are split between anticipating a surge or bracing for another Bitcoin crash. Brandt’s analysis pushes against Optimism and urges caution.

While many remain bullish, Brandt’s technical argument for a potential Bitcoin crash is gaining attention. The market now waits for confirmation through price movement. Until then, the threat of a Bitcoin crash looms despite growing confidence elsewhere.