Brandt predicts bitcoin's next stop is $58,000.

According to a report by Bijie Network: Veteran trader Peter Brandt has warned that bitcoin's pullback could intensify, with a target price potentially dropping to $58,000 after falling sharply from nearly $98,000 in January. He uses long-term "power law" charts for analysis, believing that the price will revert to the channel's central trendline, and historically, this area between $37,000 and $62,000 has been a key buying zone.