Peter Brandt, a prominent figure in the market with 50 years of experience, has offered a pessimistic prediction for Bitcoin (BTC).
Peter Brandt, in an analysis from his X account, stated that Bitcoin’s long-standing parabolic upward trend has been broken and warned investors of a major drop.
The legendary analyst argues that this breakdown could cause the Bitcoin price to fall as low as $25,000.
According to Brandt, the typical growth parabola in Bitcoin has been broken, potentially paving the way for a sharp drop to as low as $25,000.
At this point, the analyst stated that Bitcoin’s recent cycle has been weaker compared to previous bull periods, with the price now moving with decreasing momentum.
According to the analyst, Bitcoin returns have decreased in each bull market cycle. For example, after the first halving on November 28, 2012, BTC increased 100x, in the 2016 halving 74x, and in the 2020 halving eightfold. This trend shows that new cycles carry increasingly limited upside potential.
At this point, following the halving event that occurs every four years, in the last cycle that began with the last halving in April 2024, prices doubled by October of this year, reaching a record high of $126,000.
Noting that the BTC price has fallen below $90,000 since the last ATH, breaking the parabolic curve that signaled large price increases in every previous cycle, the analyst predicts that Bitcoin has now entered a bearish phase.
In this context, he pointed out that every time Bitcoin breaks the parabolic curve, it historically experiences drops of over 80%, and predicted that the price could fall to $25,240.
*This is not investment advice.
Source: https://en.bitcoinsistemi.com/peter-brandt-warned-bitcoin-will-no-longer-rise-he-also-revealed-his-new-price-prediction/
