Legendary trader Peter Brandt maps Bitcoin’s crash to $58,000

Veteran market technician Peter Brandt is warning that Bitcoin (BTC) could be headed for a deeper pullback toward the $58,000 to $62,000 range, based on a bearish technical structure visible on the daily chart. Brandt, who carries over four decades of experience, noted that Bitcoin is breaking down from a broader topping formation after failing to sustain upside momentum near the upper boundary of a long-term range. In an X post on January 20, the analyst said that multiple lower highs and a decisive violation of key support around the low-$100,000 area signaled a shift in trend. The subsequent selloff accelerated once the price fell below the rising support line that had guided the market higher through late 2025 source: https://finbold.com/legendary-trader-peter-brandt-maps-bitcoins-crash-to-58000/