Brandt Calls $58K Next Stop for BTC

utoday02-01 10:51

Veteran proprietary trader Peter Brandt has warned Bitcoin bulls that the cryptocurrency’s current correction is far from over. Following the brutal Jan. 31 market flush that saw Bitcoin tumble to the...

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Guavaxf3006
02-01 22:38
Guavaxf3006
I will not be at all surprised. The US Sunday traders have woken and Bitcoin is making a new plunge. Come Monday, when BluE Ocean trading opens for the stock market, all Crypto related stocks are going to suffer a major puke. And when official trading starts at 9.30 EST, the avalange will be seismic.

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Choo choo $BTC,\" he quipped.The power law reversion Brandt accompanied his prediction with a long-term monthly chart of Bitcoin against the U.S. Dollar, utilizing a \"Bitcoin Power Law V2.0\" indicator. The chart provides a high-level view of Bitcoin's market cycles dating back to 2012.The chart depicts Bitcoin trading within a massive logarithmic growth channel defined by three key zones:The current price action shows Bitcoin recently attempting to push into this zone near $98,000 before being sharply rejected.Currently sitting around the $37,000–$62,000 range, this band has historically marked generational buying opportunities.A central trendline that acts as a \"fair value\" magnet for the price.The January rejection The monthly candle for January 2026 is particularly ominous. The chart data highlights a massive red candle with a high of $97,939 and a low of $75,555. This \"wick\" at the top indicates heavy selling pressure as Bitcoin failed to sustain momentum near the $100k psychological barrier.Brandt’s $58,000 target appears to align with a reversion to the mean. 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