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06/15 08:54

Veteran Trader Peter Brandt Warns of Bitcoin Crash

Veteran Trader Peter Brandt Warns of Bitcoin Crash Amid Bullish Forecasts

Peter Brandt warns Bitcoin crash may repeat 2021 top as failed breakouts near $105K risk drop to $97K or lower. Meanwhile, Institutional interest in Bitcoin is at all time high.

Peter Brandt warns that strong fundamentals often appear at Bitcoin market tops, mirroring 2021 patterns.

Bitcoin’s current range between $60K–$105K echoes the 2021 top; a 77% drop could send it to $23K.

Despite a Golden Cross, repeated rejections near $106K raise risks of a fall to $97K or lower.

Bitcoin is showing a price structure that resembles the market conditions leading up to the 2021 crash. Prominent trader Peter Brandt has pointed out that fundamentals often appear strongest at market tops. His comments come as analysts debate whether a Bitcoin crash is repeating a similar pattern from the past. This all happens while there is growing demand for bitcoin by institutions and governments. 

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