The veteran trader who famously forecast Bitcoin’s 2018 meltdown is back with a fresh warning-because apparently the market still thinks it’s auditioning for a reality show and wants a dramatic finale.
Peter Brandt says that after sliding out of a bearish downward-sloping channel to around $87,000, BTC bulls have a lot of work to do-like taking their vitamins and getting a better haircut.
“Yet another sell signal in Bitcoin as a bear channel has been completed. Remember that charts can always morph.”
At this point, Brandt says Bitcoin’s price needs to reclaim $93,000 to pave the way for a possible reversal to the upside-like convincing your couch to give you back your money after you’ve moved in.
As for his downside target, Brandt recently said he believes BTC will ultimately drop to $58,000 to $62,000-because the universe loves a good plot twist and so does your wallet.
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2026-01-27 13:22