Bitcoin Faces Potential Downside Risk, Analyst Warns

According to PANews, renowned trader and chart analyst Peter Brandt has issued a warning to Bitcoin investors about potential downside risks in the market. Brandt highlighted that Bitcoin has not reached a new high for 30 consecutive weeks, a pattern that historically has led to price declines of over 75%. Despite this, Brandt remains optimistic, forecasting that Bitcoin's price could reach $135,000 by August or September 2025. However, he cautioned that if Bitcoin's price falls below $48,000, his analysis would become invalid, necessitating a reevaluation of the market conditions. Brandt also emphasized that Bitcoin's significant price increases typically occur in the latter half of its four-year halving cycle.