Bitcoin Could Crash 50%, Pushing MSTR ‘Underwater,’ Legendary Trader Warns

Veteran chartist Peter Brandt ignited a fresh technical debate on X after publishing two annotated charts—one of today’s Bitcoin daily bars, the other of Chicago Board of Trade soybeans from 1977—arguing that the cryptocurrency may be carving out a broadening top akin to the historical commodity pattern that preceded a 50% collapse. “In 1977 Soybeans formed a broadening top and then declined 50% in value,” Brandt wrote. “Bitcoin today is forming a similar pattern. A 50% decline in $BTC will put MSTR underwater source: https://www.newsbtc.com/bitcoin-news/bitcoin-crash-50-mstr-underwater/