 
 
Veteran dealer Peter Brandt lately warned that Bitcoin may slide towards the $58,000 to $62,000 vary.
In a put up shared on X, Brandt emphasised that he’s snug being unsuitable, noting that his forecasts fail roughly half the time and that value targets shouldn’t be handled as ensures.
Nonetheless, the dealer’s feedback arrive amid a fragile technical backdrop and a market that’s cut up between bullish conviction and warning.
Brandt additionally challenged the extensively held assumption that Bitcoin will rise indefinitely. The veteran argued that the opinion rests on the assumption that no superior know-how will emerge, insisting that the premise is flawed as quantum computing advances. In the meantime, analyst Ali Martinez agreed with Brandt’s remarks.
From a technical perspective, analyst Daan Crypto Trades identified that Bitcoin has rejected its bull market help band throughout the first retest because the November breakdown.
 
Whereas BTC’s value stays comparatively near that zone, Daan Crypto famous that bulls want a decisive weekly shut again above the band to revive momentum. The analyst added that such retests usually set the tone for weeks or months, relying on whether or not the value reclaims or rejects the extent.
In distinction, Rashad Hajiyev introduced a sharply bearish projection, suggesting that if historic cycles repeat, Bitcoin may fall to round $29,000 by October 2026. Hajiyev’s thesis factors to prior four-year cycle peaks in 2017, 2021, and 2025, adopted by roughly year-long declines of about 80%.
In the meantime, CoinMarketCap knowledge reveals Bitcoin fell 6.64% up to now 24 hours to $70,927, underperforming the market’s 5.71% decline. Market consensus stays divided, with some merchants concentrating on $110,000 whereas others warn of deeper correction dangers.
