Summary
- Peter Brandt said he is a veteran trader who previously predicted Bitcoin’s 2018 crash.
- He said Bitcoin is currently in a downward trend channel and could move into the $58,000–$62,000 range.
- Brandt noted that his outlook could be wrong and said he would not treat that as an issue.
Veteran trader Peter Brandt, known for accurately calling Bitcoin (BTC)’s 2018 crash, has shared his personal view that Bitcoin’s price could decline further.
On the 20th, Brandt wrote on X (formerly Twitter) that “I think Bitcoin could head into the $58,000 to $62,000 range.” He explained that Bitcoin is currently staying within a downward trend channel, and that the likelihood of additional declines is high unless strong buying pressure flows in.
Brandt added, “Even if it doesn’t go to that level, I won’t be embarrassed, and I don’t think I need to be criticized for it,” and said, “I can be wrong about half the time, and being wrong itself isn’t a problem for me.”
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