The post Peter Brandt Warns Bitcoin Could Face 75% Drop Similar to 2022 Crash appeared on BitcoinEthereumNews.com.

Peter Brandt, a respected figure in the trading community, recently warned that Bitcoin could face a dramatic price drop, drawing comparisons to its 2022 chart setup.  His remarks come at a time when. Bitcoin has seen a notable 1.87% price increase in the last 24 hours and a 3.61% rise over the past week, now priced at $109,192.  Despite the positive momentum, Brandt’s technical analysis suggests the market could be gearing up for a major reversal. Bearish Reversal Concerns According to Brandt, the current setup mirrors the 2022 scenario, where Bitcoin underwent a substantial decline. He points out the presence of a Double Top pattern, a bearish technical formation that indicates potential price reversal. Is Bitcoin $BTC following its 2022 script and setting up for a 75% correction? Doesn’t hurt to ask this, does it? pic.twitter.com/BAywkhSwgy — Peter Brandt (@PeterLBrandt) June 10, 2025 In addition, the Exponential Moving Averages (EMA) are also signaling a downward trend, further suggesting that the market may be heading for a correction. Technical Indicators Reflect Bearish Sentiment The chart provided by Brandt highlights the emergence of a Double Top pattern, which typically signals a bearish reversal in price action. For context, the first top formed when BTC claimed highs above $108,000 in December 2024 and January 2025. However, the asset faced a considerable decline below $100,000 after this peak. Interestingly, following the recovery that began in April, Bitcoin soared to a new all-time high near $112,000 last month, forming the second top. Notably, this Double Top pattern mirrors a similar setup seen in 2022. For context, Bitcoin hit an initial top of $65K in April 2021. After this, it dropped and then recovered to a second top of $69K in November 2021, marking its ATH. After the $69K peak, Bitcoin collapsed considerably, leading to the…

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Filed under: News - @ June 11, 2025 2:28 am