Veteran trader Peter Brandt issues a Bitcoin warning, saying a 75% decline is imminent after an extended period of consolidation

Veteran trader Peter Brandt warns that Bitcoin (BTC) has experienced a massive collapse in the past after failing to reach new record highs for a while.

the legendary retailer shared with his 742,500 followers on the social media platform

“Hey Bitcoiner, are you familiar with the concept of ‘market analogues’?”

There is something to think about here.

It has been 30 weeks since BTC reached an ATH (all-time high).

Whenever (BTC) failed to reach a decisive new ATH within this period, a decline of over 75% occurred.”

Brandt says Bitcoin's price lull reminds him of an old saying about market weakness.

“I am an old man and there is an old saying:

“Markets that don’t go up usually can’t go up.”

While Brandt outlines a very pessimistic scenario for Bitcoin, he emphasizes that he is simply providing an observation and not a market forecast.

“I'm just making an observation. Bitcoin is the largest single tradable asset in my net worth. If you can’t look both ways, you’re usually in a car accident.”

Last week, he revealed a bullish scenario for Bitcoin, noting that BTC tends to see massive gains in the second half of a halving cycle.

“Here is the macro picture of Bitcoin BTC.

Observations:

– Huge gains occur halfway through the halving cycles

– The period since March 2024 appears to be an insignificant, short pause in an ongoing trend

-My goal is $135,000 in August/September 2025

– A close below $48,000 will destroy my chart analysis.”

At the time of writing, Bitcoin is worth $62,741.

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