Bitcoin Faces Bearish Warning as Peter Brandt Charts Potential Drop to $59,000

Bitcoin is facing renewed bearish pressure after veteran trader Peter Brandt released a new chart warning of a possible sharp correction. The legendary market analyst, known for more than 50 years of trading experience, suggests that BTC could fall to $81,852 in a moderate pullback or slide as deep as $59,403 if downside momentum accelerates. His analysis has sparked debate across the crypto market, as Bitcoin currently trades far above these projected levels.

According to Brandt’s latest weekly Bitcoin chart, BTC recently completed a clear five-leg upward move, a classic pattern often followed by exhaustion. The chart shows a broken curve structure, which Brandt interprets as a signal that the bullish trend has stretched too far. Rather than signaling panic or collapse, he frames the potential decline as a natural market cleanup after excessive optimism driven by expectations of aggressive monetary easing.

Brandt compares the current market environment to late 2021, but in reverse. Back then, asset prices were peaking as the market prepared for quantitative tightening. Now, he argues, crypto prices may be vulnerable because traders have already priced in rapid interest rate cuts. While Bitcoin and other digital assets surged on the assumption of easier monetary policy, Brandt believes much of that narrative is already reflected in current valuations.

Importantly, Brandt notes that broader financial markets such as the S&P 500 remain relatively stable, similar to how traditional markets held up during previous crypto downturns. This divergence suggests that Bitcoin could experience a correction even if equities avoid major losses. In his view, a drop toward $81,000 or even $59,000 would not be extreme but consistent with historical market cycles.

While some investors see Brandt’s outlook as overly pessimistic, others view it as a realistic reminder that Bitcoin remains highly cyclical. His warning highlights the risk of assuming that policy shifts will indefinitely support higher prices. As traders weigh bullish narratives against technical signals, Bitcoin’s next move may test whether the market has truly priced in the future or gone too far too fast.