Peter Brandt Flags Bitcoin Megaphone Pattern, Warns of Drop Toward $58,000 Zone
Veteran trader Peter Brandt has issued a bearish outlook for Bitcoin, highlighting a megaphone-style topping formation that points to potential downside toward the $58,000–$62,000 range. His chart-based scenario outlines successive targets from around $73,786 down to an ultimate objective near $58,840, while he also questions the "Bitcoin up forever" thesis in light of possible quantum-computing advances.