50 Year Analyst Peter Brandt's Bitcoin (BTC) Warning!

The leading cryptocurrency Bitcoin (BTC) has recently experienced a recovery while the analyst Peter Brandt, who has 50 years of experience, indicated a new wave of get dumped.

He quoted the post of an analyst with the nickname HTL-NL from Peter Brandt's X account.

The analyst named HTL-NL indicated an upcoming correction for BTC by applying the Wyckoff Method, which helps determine market cycles through supply and demand.

According to this analysis, the analyst shared a chart indicating BTC's possible drop to 76,700 dollars or even around 70,000 dollars.

Peter Brandt, who referenced this chart and analysis, noted that this prediction seems reasonable.

This is not an unreasonable expectation

— Peter Brandt (@PeterLBrandt) March 28, 2025

According to Brandt, the prediction of a decline in Bitcoin is not an unreasonable expectation given the current market conditions. Brandt had stated in a recent analysis that the Bitcoin chart is in a downtrend following the formation of a double top pattern.