Peter Brandt, a well-known veteran in the trading community, recently took to X to share a concerning outlook on Bitcoin price trajectory. Brandt’s warning comes amid a relatively stagnant performance by the leading crypto, failing to produce any decisive moves toward new all-time highs in recent months. Brand pointed out a historical pattern that could signal a 75% drop for Bitcoin. Related Reading: Bitcoin’s Puell Multiple Signals A Bullish Surge: Could A New ATH Be Near? Reason Why A 75% Plunge Could Be Looming In his post, Peter Brandt pointed out that Bitcoin has been moving sideways for 30 weeks since its last all-time high (ATH). He referenced historical patterns, explaining that when Bitcoin fails to make a new ATH within this time frame, it typically experiences a decline of over 75%. Brandt emphasized the importance of Bitcoin breaking out soon, suggesting that a significant drop might follow if it doesn’t. He also mentioned that markets that don’t show upward momentum often struggle to do so. Hey Bitcoiners Are you familiar with the concept of “market ana ..
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