Is Bitcoin Crash Coming? Peter Brandt sounds the alarm about a possible 75% BTC price crash.

Veteran commodity trader Peter Brandt has suggested that the price of Bitcoin (BTC) could drop as much as 75%.

The 77-year-old based his warning on the observation that in the past, Bitcoin experienced major corrections whenever it failed to make a new all-time high (ATH) within 30 weeks of its previous peak.

Could Historical Patterns Point To A Potential Bitcoin Crash?

Brandt’s remarks come at a time when the trillion-dollar cryptocurrency has struggled to maintain upward momentum in recent months. It has been 30 weeks since March 14, when its price broke above $73,000 to record a new ATH.

The asset is currently 17.6% off that high, and the price has shown a slight 0.5% drop from its previous level in the last 24 hours. However, the regression is most prominent over two weeks, with BTC losing 7.1% of its value in that period.

While some quarters may view these as minor fluctuations, Brandt’s analysis points to a much larger historical pattern that could signal trouble for investors.

According to Factor’s CEO, in previous cycles, Bitcoin’s failure to continue its upward trajectory after reaching the last price milestone often led to large pullbacks. He suggested that its current stagnation could lead to a bearish turn, stating: “Markets that don’t go up usually can’t go up.”

The analyst further clarified that his assessment was based on historical patterns and not a personal opinion, noting, “I’m always amused by people who confuse a market observation with a market opinion.”

However, Brandt still expressed confidence in the long-term value of Bitcoin, saying it was the largest tradable asset in his portfolio.

Reactions from the crypto community

As often happens when a prominent figure makes what can be considered a controversial statement, the chart legend’s comments sparked a conversation, with many traders sharing their thoughts on his warnings.

Some speculated that the cryptocurrency’s ATH may have been prematurely driven by the development of spot Bitcoin ETFs, suggesting that external factors may be distorting regular price cycles.

Others questioned the soundness of comparing previous cycles, especially with the Bitcoin halving that occurred earlier this year and the influence of institutional players like BlackRock, which could alter current market dynamics.

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