The collapse of the equivalent Bitcoin path increases the likelihood of an 80% correction: an experienced trader.
#البيتكوين is under renewed pressure, as veteran trader Peter Brandt warns that Bitcoin may have broken its equivalent trendline — a signal that in previous bull markets preceded sharp corrections. While the situation appears bearish, the current cycle also shows significant structural differences.
The collapse of the #Bitcoin equivalent path increases the probability of an 80% decline
Brandt pointed out that previous Bitcoin bull cycles were followed by equivalent rallies that ended in failure, leading to prolonged declines. Historically, these corrections approached 80% of the cycle’s highs but did not exceed them. The current #BTC path has already broken, with the price dropping about 20% from its all-time high.
This does not guarantee an immediate crash, but it places Bitcoin in a zone where downturn volatility has historically increased, especially under tighter global financial conditions. If history repeats itself, an 80% correction could signal a return to around $25,000 in the coming months.
Macroeconomic pressures are exacerbating the technical breakdown.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
The collapse of the equivalent Bitcoin path increases the likelihood of an 80% correction: an experienced trader.
#البيتكوين is under renewed pressure, as veteran trader Peter Brandt warns that Bitcoin may have broken its equivalent trendline — a signal that in previous bull markets preceded sharp corrections. While the situation appears bearish, the current cycle also shows significant structural differences.
The collapse of the #Bitcoin equivalent path increases the probability of an 80% decline
Brandt pointed out that previous Bitcoin bull cycles were followed by equivalent rallies that ended in failure, leading to prolonged declines. Historically, these corrections approached 80% of the cycle’s highs but did not exceed them. The current #BTC path has already broken, with the price dropping about 20% from its all-time high.
This does not guarantee an immediate crash, but it places Bitcoin in a zone where downturn volatility has historically increased, especially under tighter global financial conditions. If history repeats itself, an 80% correction could signal a return to around $25,000 in the coming months.
Macroeconomic pressures are exacerbating the technical breakdown.
$BTC
$ETH
$XRP