CandleFocus

New Bitcoin Prediction by Peter Brandt May Shock Bulls With Bearish Reality

Amidst the focus on Bitcoin's price entering 2025, the current price, although below the coveted mark, is still up 128% since the beginning of 2024. The decline in December has affected institutions that entered the crypto market this year. Renowned trader Peter Brandt believes there is a head-and-shoulders pattern forming on the Bitcoin price chart, which could result in a price drop to $78,000 per BTC. While reaching this target would mean a 17% drop, it would close an important price gap and resolve an ongoing issue.

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