Legendary Trader Peter Brandt Warns Bitcoin Price Meltdown Incoming – Here’s His Forecast

A veteran trader who accurately called Bitcoin’s 2018 crash just issued a dire warning to crypto traders.

Peter Brandt is sharing a chart on X that highlights key resistance for BTC at around $102,300.

Brant believes Bitcoin remains in a bearish downward-sloping channel, and bulls are going to feel much more pain unless buyers step in strongly.

If they don’t, he warns a 33% to 37% price drop is incoming.

“$58,000 to $62,000 is where I think it is going. If it does not go there I will NOT be ashamed, so I do not need to see you trolls screen shot this in the future.

I am wrong 50% of the time. It does not bother me to be wrong.”

Source: X/Peter Brandt

Bitcoin is priced at $92,683 at time of publishing, down 0.21% in the last 24 hours.

Generated Image: Midjourney