Bitcoin’s Wild Ride to $40,000? Legendary Trader’s ‘Chilling’ Prediction Will Blow Your Mind!

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Ah, Peter Brandt – the man who’s been around the block more than once, and then some. With half a century of trading wisdom (yes, half a century, so don’t even try to argue), he’s just thrown a grenade into the Bitcoin conversation. And guess what? That grenade’s target is somewhere none of us are ready to go – under $70,000. 🤯

Now, if you’ve been following Bitcoin’s daily temper tantrums between $86,000 and $93,000, you might be thinking: “This is going to the moon, right?” Well, Mr. Brandt’s latest post on X (where he tends to throw these little reality checks) has a different story. He pointed to a long-term channel that’s been as consistent as your grandma’s homemade pie – and let me tell you, this pie’s ingredients include the numbers from 2013 onwards. And, surprise, surprise, Bitcoin hasn’t reached the top of this channel yet. It’s like a teenager trying to touch the top shelf but can’t quite make it. 🥴

And if Bitcoin’s refusing to hit the high notes? Well, history says it’s going to take a nosedive into the lower part of that channel – possibly as low as the mid-$40,000s. Brandt isn’t losing sleep over this, though. Nope. He’s just treating the entire $40,000 zone as a totally normal pit stop. Just another day at the Bitcoin office, right?

In case you missed the action (which, let’s be honest, how could you?), Bitcoin dropped faster than your connection during a Zoom call – from $92,000 to the $86,000s in a single move. 💥 It’s like a drunk driver crashing into a pothole – one clean move, and boom, most of the week’s gains are gone. And if you’re a Bitcoin buyer, don’t think this is ‘healthy trend’ material anymore. We’re now in ‘at-risk trend’ territory. Cheers! 🥂

The New Normal… Or Is It?

Brandt, ever the calm trader, fired back at critics by citing his trusty model that’s been his guiding star for over 10 years. This model’s been able to call out every major high and reset in Bitcoin’s history – so yeah, he’s not exactly playing darts here. And his message? Clear as day: Bitcoin’s failure to reach the upper channel? That usually means it’s time to visit the lower one. Yikes. 😬

For Brandt, this isn’t panic – it’s just a “normal” drop. The $40,000s are right there in the cycle, waiting for their moment. But don’t think of it as doom and gloom. Just a valid pit stop if the current levels don’t hold. Get ready, folks. The rollercoaster is just getting started. 🎢

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2025-12-01 13:27