Prominent trader and Factor CEO Peter Brandt stated that Bitcoin is forming a dangerous technical pattern – a "broadening top." According to him, this pattern often signals an impending price decline, which could be a serious blow to the crypto market.
Brandt believes that the expected "final push" of growth that some investors are counting on may not materialize. On the contrary, he predicts a decline in the Bitcoin price to around $60,000. The analyst noted that such a scenario could threaten the profitability of companies actively investing in digital gold, including Michael Saylor's Strategy.
If Brandt's prediction is confirmed, the market could face a chain reaction. A massive decline in prices will lead to loss-taking among traders and large cryptocurrency holders, which, in turn, will push many investors to seek more stable financial instruments. This development will test the resilience of the entire digital asset sector.
At the same time, analysts at the on-chain platform CryptoQuant note that Bitcoin's current dynamics indicate the market is entering a "phase of distrust." A similar situation has already been observed in the past—before the cryptocurrency's rapid rise in the fall of 2024 and in April 2025. Then, participants' distrust gave way to active buying, leading to a sharp price increase.
However, experts warn that history does not always repeat itself. Even if Bitcoin recovers again, the current fluctuations could be a sign of a gradual cooling of investor interest. Pressure from macroeconomic factors and expectations of new regulatory decisions could also play a role in shaping the future trajectory of the price. While some analysts remain optimistic, expecting growth after a short-term correction, others are taking a more cautious approach, pointing to the risk of prolonged sideways movement or even a significant decline. The question remains: will Bitcoin once again prove its strength or give way to a wave of sell-offs?
As Peter Brandt notes, the coming weeks will determine whether the leading cryptocurrency can hold above key support levels and avoid the fate that once befell the soybean market after a similar technical formation.