Is Bitcoin Price Coming to a Major Drop? Peter Brandt Warns

- Famous commodity trader Peter Brandt suggested that the price of Bitcoin (BTC) could fall by as much as 75%.

- Brandt stated that Bitcoin is experiencing major corrections if it fails to reach a new high within 30 weeks of its previous peak.

- BTC has lost 7.1% in the last two weeks and its current price is 17.6% lower than its peak.

- Brandt based this situation on historical patterns, saying, "Markets that don't go up usually don't go up."

- Brandt, who maintains his confidence in Bitcoin's value in the long term, stated that BTC is the largest asset in his portfolio.

- The crypto community reacted differently to Brandt's comments, with some suggesting that spot Bitcoin ETFs could disrupt price cycles.