Peter Brandt, a prominent trader and chartist, has issued a cautionary note to Bitcoin investors, pointing out troubling market patterns. He observed that Bitcoin has not reached a new all-time high in 30 weeks, a situation that historically preceded severe price declines of up to 75%.
Although Brandt is concerned about the current market conditions, he maintains an optimistic outlook for the future, predicting that Bitcoin could rise to $135,000 by late 2025. His caution serves as a reminder for investors to be vigilant in their strategies.
