Bitcoin Faces Potential Decline as Analyst Predicts Price Drop

Peter Brandt, a prominent trader known for predicting Bitcoin's 2018 crash, anticipates a significant decline in Bitcoin's price. According to NS3.AI, Brandt forecasts a potential drop of 33% to 37%. He identifies strong resistance near $102,300 and suggests that if bearish trends persist, the price could fall to between $58,000 and $62,000. Currently, Bitcoin is trading around $92,683 with modest daily fluctuations.