Peter Brandt is a veteran trader who has been active in the futures market since 1975. A self-proclaimed "market wizard," he has nailed multiple predictions across crypto, commodities, and forex.
Not only did he call the historic gold reversal in the 1980s, but he also correctly predicted that Bitcoin (BTC) would crash below $4,000 in 2018.
BTC was trading north of $10,000 when he made the shocking prediction. Lo and behold, the king coin indeed fell below the $4,000 mark in December 2018.
Related: Smartest man alive reveals new Bitcoin target
Brandt's technical analysis of price charts to assess their future trajectories has earned plaudits from the global trading community and he is one of the most closely watched analysts when it comes to digital assets.
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Peter Brandt predicts 35% Bitcoin crash
The crypto market is going through another major crash now, and BTC, which only last month hit a new record high above $123,000, is struggling to hold above $90,000.
Within the last 24 hours, BTC's price has crashed by 4.5% and more than $140 million in BTC positions have been liquidated .
Now, Brandt has issued another shocking prediction. On Nov. 19, he shared a BTC price analysis chart on X in which he highlighted how a minor breakout on Nov. 11 was quickly followed by eight days of "lower highs." It means the price has since been continuously declining.
Further, he pointed to "the completion of a massive broadening top." Here, a broadening top refers to the pattern of higher highs and lower lows, which he said is ending. It means BTC could now break down.
The next price targets for Bitcoin are $81,000 and $58,000, he predicted and said,
"Those who now claim they will be big buyers at $58K will be pukers by the time BTC reaches $60k."
If Brandt's prediction indeed comes true as it did in 2018, Bitcoin could crash 35% to as low as $58,000, and it will mark one of the worst crypto crashes ever.
Disclaimer:The information provided here is for general informational purposes only and should not be considered financial advice. You should consult with a licensed financial advisor before making any investment or financial decisions.
This story was originally reported by TheStreet on Nov 19, 2025, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.
