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Veteran Trader Peter Brandt Warns of Potential Bitcoin Plunge to $25K

Veteran Trader Warns of Potential Bitcoin Plunge

Dario Cesaro avatar
Written by Dario Cesaro
Updated over 2 weeks ago

Veteran commodity trader Peter Brandt has issued a stark warning to Bitcoin investors, predicting a significant price drop to $25,240. This forecast comes after Brandt observed that Bitcoin's parabolic trend, a pattern of accelerating price increases, appears to have been broken. The cryptocurrency is currently facing challenges maintaining its position above the $90,000 mark.

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