Legendary Trader Peter Brandt Warns Bitcoin Price Could Crash Below $58K

Source: DefiPlanet Original Title: Legendary Trader Peter Brandt Warns Bitcoin Price Could Crash Below $58K Original Link: https://defi-planet.com/2025/12/legendary-trader-peter-brandt-warns-bitcoin-price-could-crash-below-58k/

Quick Breakdown

• Veteran futures trader Peter Brandt warned that Bitcoin ($BTC) could be poised for a significant 35% price drop, potentially sending it to a $58,000 target.
• Brandt’s analysis highlighted a “massive broadening top” chart pattern
• He cautioned traders against planning to “buy heavily at $58K,” suggesting they could “regret it” if the price drops to $60K first.

Veteran futures trader Peter Brandt is sounding the alarm again, warning that Bitcoin could tumble to around $58,000. Brandt, who has a long history of calling major market reversals, says the drop could be approaching soon, based on what he’s seeing in the charts.

If his prediction plays out, it would be roughly a 35% slide from recent prices, making it one of the sharpest pullbacks of this cycle. Brandt, who’s been trading futures since the mid-1970s, points to what he describes as a “massive broadening top,” a pattern marked by higher highs and lower lows. Historically, that formation often precedes a major breakdown.

The upper boundary of the lower green zone starts at sub $70s with lower boundary support in the mid $40s. How soon before major holders ask about the life-boats?

The technical signs also included a minor breakout on November 11, swiftly followed by eight consecutive days of “lower highs,” indicating sustained selling pressure on the asset. In addition to the $58,000 target, Brandt also identified $81,000 as another potential price target during the descent.

Investor caution and market sentiment

Brandt’s warning also included a note of caution for retail traders, particularly those setting limit orders at the lower predicted level. He cautioned that traders who “claim they will be big buyers at $58K will be pukers by the time $BTC reaches $60k,” suggesting the suddenness of the drop could trigger panic selling among short-term holders.

This sentiment echoes concerns across the broader market. Recent on-chain data shows that $BTC is currently trading below the realized price for coins held for 6-12 months, which is approximately $94,600. This level represents the cost basis for investors who bought the asset during the bull cycle, and a sustained price below it is likely to increase selling pressure as more investors are forced into loss-making positions.

Whale accumulation and institutional activity

Even with Peter Brandt warning that Bitcoin could drop 35% to around $58,000 because of what he calls a “massive broadening top,” and other analysts suggesting prices could fall as much as 50% if major macro shocks hit, big players don’t seem rattled. On-chain data shows the number of whale wallets holding 1,000+ BTC is still climbing, a sign that institutional buyers may be treating the pullback as a chance to accumulate. While significant short-term volatility is a risk, the long-term outlook remains overwhelmingly positive, with analysts projecting Bitcoin could reach $200,000-$250,000 before the year’s end.