Renowned commodity trader Peter Brandt warns that Bitcoin could plummet to $25,240, citing the break of its historical parabolic growth pattern. He pointed out that Bitcoin's bull market cycle returns are decreasing exponentially, and the current trend is considered to have been "broken." Historical precedents show that such a break in trend has led to declines of over 80%, which could put Bitcoin at risk of losing most of its all-time high.
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Renowned commodity trader Peter Brandt warns that Bitcoin could plummet to $25,240, citing the break of its historical parabolic growth pattern. He pointed out that Bitcoin's bull market cycle returns are decreasing exponentially, and the current trend is considered to have been "broken." Historical precedents show that such a break in trend has led to declines of over 80%, which could put Bitcoin at risk of losing most of its all-time high.