Bitcoin May Retreat Before Soaring to New All-Time Highs, Says Peter Brandt
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Bitcoin May Retreat Before Soaring to New All-Time Highs, Says Peter Brandt
Legendary Trader Peter Brandt Predicts Volatility Ahead
Veteran trader Peter Brandt, renowned for his decades of success in commodities and cryptocurrency markets, is urging Bitcoin investors to brace for turbulence. While many are fixated on the possibility of fresh all-time highs, Brandt warns that a sharp pullback could strike before the next major rally begins.
“Markets don’t go straight up—especially not Bitcoin,” Brandt recently remarked on social media. “Expect a shakeout before the next leg higher.”
His outlook draws from decades of technical analysis and deep familiarity with market cycles. According to Brandt, Bitcoin’s explosive rallies are almost always interrupted by corrections that eliminate speculative excess and recalibrate sentiment.
Why a Pullback Makes Sense Historically
Bitcoin has never climbed to a new all-time high without first enduring a meaningful correction. These dips—often between 20% and 50%—are not anomalies but integral parts of its growth trajectory.
- In 2017, BTC dropped nearly 40% in July before rocketing to its $20,000 peak in December.
- During the 2021 bull run, a 35% correction in April cleared the path for the eventual surge past $60,000.
- Even in 2024’s rally, a 15% dip in January tested investor resolve before the climb resumed.
Brandt sees this volatility as essential. “The market needs to bleed before it can fly,” he often says, underscoring that corrections are not signs of weakness but necessary resets in high-growth assets like Bitcoin.
Current Technical Signals Supporting a Dip
Recent data from both price charts and on-chain metrics align with Brandt’s cautionary stance. Several indicators point to overextended conditions and potential short-term weakness:
- The Relative Strength Index (RSI) on weekly charts has hovered near 70+, suggesting exhaustion among buyers.
- Exchange inflows have risen modestly, possibly signaling profit-taking by long-term holders.
- Funding rates on perpetual futures contracts remain persistently positive, reflecting leveraged bullish bets that could unwind abruptly.
Compounding these technical concerns is macroeconomic uncertainty. Sticky inflation figures and the Federal Reserve’s reluctance to cut rates sooner than expected could fuel risk-off sentiment and trigger short-term selling pressure in crypto markets.
Bullish Case Remains Intact Despite Short-Term Risks
Crucially, Brandt remains optimistic about Bitcoin’s long-term potential. He views the asset as a transformative store of value with significant upside, particularly in the post-halving environment where supply constraints historically support price appreciation.
| Factor | Bearish Signal | Bullish Counterpoint |
|---|---|---|
| Price Action | Overextended rally | Strong support at 200-day MA |
| On-Chain Data | Rising exchange reserves | Net outflows from exchanges overall |
| Macro Outlook | Delayed rate cuts | Eventual liquidity easing expected |
“A 20–30% correction would be healthy,” Brandt explains. “It would reset leverage, cool speculation, and set the stage for a more sustainable move toward $100,000 or beyond.”
For investors, the key takeaway isn’t panic—it’s preparedness. Position sizing, risk management, and emotional discipline matter far more than attempting to time the exact market bottom. As Brandt puts it: “Don’t try to catch the falling knife. Wait for the dust to settle, then step in with conviction.”
