Peter Brandt’s Bold Predictions: Bitcoin Up, Gold Down-Get Ready for Market Madness!

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Ah, the ever-perturbed Peter Brandt, declaring with a flourish that Bitcoin might just resurrect itself in the near future, whilst casting a shadow of doom over gold, predicting a descent to the dismal depths of $4,430 and perhaps even $4,000.

Our venerable trader, Brandt, has ventured forth with a forecast that hints at a possible Bitcoin resurgence, all the while issuing a clarion call regarding the imminent decline of gold prices. How utterly dramatic!

His latest musings come on the heels of earlier predictions in which he foresaw a significant correction in Bitcoin, plunging its value beneath the lofty heights of $63,000. Truly, such prescience is almost poetic, wouldn’t you agree?

A Pause in Bitcoin’s Tumultuous Journey

Brandt had previously prophesied a drop to at least $58,000 when Bitcoin was frolicking around the $90,000 mark. His projections were steeped in the ancient wisdom of historical four-year cycles and past bear market corrections. After witnessing Bitcoin’s dramatic fall-more than 50% from its peak-Brandt maintained a cautiously pessimistic view for the immediate future.

In a recent missive posted on the ever-chatterous platform known as X, Brandt boldly proclaimed, “Bitcoin may go up.” A thrilling prospect, indeed! Yet, he also professed to harbor reservations about the immediate price movements while nurturing a more optimistic vision for the distant horizon.

Bitcoin may go up But this is NOT an inverse H&S. The level of incompetence about classical charting principles on X and YouTube is unbelievable.

– Peter Brandt (@PeterLBrandt)

Brandt has dismissed the notion that Bitcoin is crafting an inverse head and shoulders pattern. He lamented, “The level of incompetence about classical charting principles on X and YouTube is unbelievable.” Oh, the sweet irony of modern discourse!

The State of Bitcoin Dominance and the Market’s Whims

Market data reveals a rather unexciting truth: Bitcoin dominance is no longer rising as one might have wished. According to those wizards at Matrixport, dominance now dances in step with a broader crypto market consolidation, settling around a modest 58%.

Matrixport notes that capital is not enthusiastically swirling back into Bitcoin like a moth to a flame, seeking that vigorous upside momentum. Rather, some sectors of the broader crypto realm appear to exhibit a curious resilience, prompting investors to rethink Bitcoin’s once-untouchable position.

Recent days have seen spot Bitcoin ETFs experiencing outflows, much like a leaky boat on a stormy sea. Coupled with macroeconomic pressures and the ominous signals from on-chain metrics, these factors have given rise to cautious expectations regarding Bitcoin’s price trajectory.

Related Reading: Veteran Trader Peter Brandt Lowers Bitcoin Crash Target as BTC Sell-Off Deepens

The Dreaded Rising Wedge of Gold: A Foreboding Outlook

Brandt has also deigned to share his technical insights regarding gold prices. He notes that gold has completed a corrective rising wedge pattern, often a harbinger of downward risks in the realm of classical charting-how delightful!

He forecasts an initial tumble toward $4,430 before potentially plummeting to $4,000. Ah, the thrilling anticipation of market drama!

Brandt assures us that he will notify his loyal followers within the Factor Report community when he embarks on a buying spree following the anticipated correction. Such generosity!

Despite these dire predictions, gold prices have flirted with the $4,950 mark recently, having recovered from a brief two-day descent. Market data also indicates a surge in bullish positioning within COMEX gold futures, as traders accumulate long-dated call options, aiming for loftier price levels. How very optimistic of them!

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2026-02-18 20:43