Bitcoin (BTC) Could Crash to $25K as Parabolic Arc Has Snapped, Veteran Trader Says
CoinDesk
Veteran trader Peter Brandt warns Bitcoin's growth parabola has broken, suggesting a potential drop to $25,000.Summary
Veteran trader and chart analyst Peter Brandt has issued a warning that Bitcoin's characteristic growth parabola has fractured, which could precipitate a significant price decline toward $25,000. Brandt's analysis is based on the observation that each post-halving bull cycle has yielded diminishing returns, culminating in the recent cycle's price action slicing below the established parabola curve on a log-scale chart. He noted that the current pullback from the October high of $126,000 to just under $90,000 signifies a violation of this parabolic advance, equating a 20% drop from the all-time high to approximately $25,240, which he identifies as a potential crash floor.
(Source：CoinDesk)