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Trader Peter Brandt: Bitcoin price could fall 75% if it fails to reach all-time high

Trader Peter Brandt: Bitcoin price could fall 75% if it fails to reach all-time high

CointimeCointime2024/10/12 06:16
By:Cointime

On October 12, famous trader and chart analyst Peter Brandt warned Bitcoin investors of potential downside risks in the market trend. He pointed out that Bitcoin has not reached a new high for 30 consecutive weeks, and historically, similar situations have led to a price drop of over 75%. Brandt remains optimistic, predicting that the price of Bitcoin will reach $135,000 in August or September 2025, but also warning that if Bitcoin falls below $48,000, his analysis will be invalidated and the market will need to be reassessed. Brandt also emphasized that Bitcoin's upward trend often occurs in the second half of the four-year halving cycle.

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