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Bitcoin Could Face 75% Correction, Says Analyst Peter Brandt

Avatar photo Sonny S. Watts 2 days ago

Market analyst Peter Brandt has suggested that Bitcoin could be repeating a historical pattern that led to a sharp price decline in 2022. In a chart shared publicly, Brandt pointed to a possible double-top formation in Bitcoin’s current price action. He compared it to a similar setup that preceded a 75% drop three years ago. […]

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Sonny S. Watts is a Bitcoin miner and energy researcher, Sonny delves into the sustainability of Bitcoin mining, its energy consumption, and innovations in renewable-powered mining solutions.