Two Expert Analysts Warn and Reveal Critical Levels to Defend to Prevent a New Bitcoin Drop!

cryptonews.ruPublished on 2026-08-10Last updated on 2026-08-10

Abstract

Bitcoin is currently trading just below $65,000, having gained 4% over the past week. However, expert commodity trader and analyst Peter Brandt warns that downside risks persist. He suggests Bitcoin could re-test lower levels, particularly the $58,000 to $62,000 range, especially if the current chart breaks a key downward trend. Brandt previously highlighted a potential head and shoulders pattern from April to June that could lead to a decline toward $58,000. On-chain analyst Axel Adler adds that while Bitcoin's price has fallen well below its historical average, a full market capitulation has not yet occurred. He identifies $57,600 as a critical threshold; a drop below this level could further weaken market structure and increase selling pressure. On the positive side, Adler notes that a sustained recovery above $72,000, coupled with a return of the MVRV Z-Score to its long-term average of 1.69, could signal the start of a significant recovery phase. Both analysts emphasize that Bitcoin remains at a critical juncture with key support levels to watch.

Bitcoin, the leading cryptocurrency, is trading just below the $65,000 mark, having gained 4% over the past week. While this fuels expectations for further gains for $BTC, one analyst has given a bearish forecast.

At this stage, veteran analyst and commodities trader Peter Brandt stated that the risk of a decline in Bitcoin's value has not yet dissipated, pointing out that downside risks persist, and warned investors of the possibility of a new downturn.

Brandt's latest assessment suggests Bitcoin could retest lower levels in the near term.

Veteran analyst Brandt asserts that the probability of further decline for Bitcoin is higher and that $BTC could retest the $58,000 level.

However, Brandt says he has not made final predictions regarding a drop, that he has not yet bet on a decline for $BTC, but if he were to, he would predict a fall.

On a chart shared by Brandt on X, he highlighted the $58,000 area as one of the most critical levels. This is because the analyst had previously indicated the possibility of Bitcoin falling to the $58,000–62,000 range in his previous analyses.

Brandt stated that $BTC could retest this region if the technical outlook deteriorates, and he believes selling pressure could intensify, leading to a retest of the $58,000 level, especially if the current chart breaks the downtrend line.

Earlier, in his analysis, Brandt claimed that a decline could occur after the formation of a head and shoulders pattern between April and June, and that $BTC could fall to around $58,000.

Bitcoin Reached a Critical Threshold: $57,600!

Brandt stated that a bearish trend for $BTC is more likely, and on-chain analyst Axel Adler also noted that a full capitulation for $BTC has not occurred.

Analyzing Bitcoin's MVRV Z-Score, the analyst noted that this metric has significantly declined from its long-term average of 1.69, reaching between 0.40 and 0.41.

Although Bitcoin's value has fallen well below its historical average level, the market has not yet entered a classic phase of capitulation and bottoming.

At this stage, the analyst identified $57,600 as the key threshold where the market structure could deteriorate further. Adler considers Bitcoin's adjusted price of $57,600 a critical threshold for downward movement, stating that a drop below this level could further weaken the market structure and intensify selling pressure.

On the positive side, the analyst pointed to the $72,000 mark as a potential target for an upward move. The analyst claims that a sustained recovery above $72,000 for $BTC and a return to the MVRV Z-Score average of 1.69 could be an important signal for the start of a recovery.

*This is not investment advice.

end-content

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Related Questions

QAccording to commodity trader and analyst Peter Brandt, what is a key price level that Bitcoin might retest if bearish conditions worsen?

APeter Brandt suggests that if technical conditions deteriorate, Bitcoin ($BTC) might retest the region around $58,000.

QWhat on-chain metric does analyst Axel Adler use to argue that a full Bitcoin market capitulation has not yet occurred?

AAxel Adler uses the MVRV Z-Score, noting it has fallen significantly to between 0.40 and 0.41, which is well below its long-term average of 1.69.

QWhat price level does Axel Adler identify as a critical threshold where the market structure could weaken further if Bitcoin falls below it?

AAxel Adler identifies $57,600 as a critical threshold. A drop below this level could further weaken the market structure and increase selling pressure.

QWhat potential upside target for Bitcoin's recovery is mentioned in the article?

AThe article mentions $72,000 as a potential upside target for Bitcoin's recovery. A sustained move above this level could be a significant signal for a market rebound.

QWhat technical chart pattern did Peter Brandt previously identify that could lead to a price decline for Bitcoin?

APeter Brandt had previously stated that a 'head and shoulders' pattern formed from April to June could lead to a price decline, potentially to around $58,000.

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