Bitcoin Will Fall Sharply If Brandt's Forecast Continues to Come True
Veteran trader Peter Brandt has almost predicted the peak of the Bitcoin price, so it can be assumed that BTC is in danger of falling.
Back in May 2025, Peter predicted that the cryptocurrency would reach $125,000-150,000 during the bull run. On August 14, the coin’s value updated its historical maximum at $124,624 and began to decline. Accordingly, Brandt was wrong by only 0.3%, which in quantitative terms is $376.
The expert predicted the start of a protracted bearish trend after the Bitcoin rate rises to its maximum, during which the digital asset will fall in price by 50%. Thus, if this gloomy forecast comes true, the BTC rate will fall to about $62,000. In this case, the fall in the cryptocurrency price will end before it touches the lower line of the parabolic slope on the chart published by Peter.
Parabolic slope on the Bitcoin price chart
Peter has not spoken out about the BTC rate since, but on August 19, he reposted a publication by chartist Ali, who predicted a 20-30% correction in the cryptocurrency price. Therefore, the digital asset rate, currently at $110,220, should fall to at least $100,000.
Bitcoin price corrections on the chart compiled by Ali
Taking into account the above analysts' opinions, three forecasts can be made for the BTC rate to decrease to:
- $62,000 (pessimistic);
- $87,000 (base);
- $100,000 (optimistic).
Source: cryptonews.net
