Bitcoin (BTC) Price Crash: Legendary Trader Peter Brandt Weighs In

Bitcoin (BTC) experienced a significant price drop over the weekend, falling to lows of $60,822 before partially recovering to around $64,438. The cause of this market crash remains unclear, with speculation pointing to lower liquidity as a possible factor.

In response to this price movement, veteran trader Peter Brandt has weighed in, suggesting that an “end run” has been completed for Bitcoin. Brandt shared a daily chart highlighting BTC’s recent price drop as the culmination of this “end run” maneuver.

The term “end run” typically refers to a strategic move to bypass a defense, often seen in sports like soccer. In the context of Bitcoin, it could indicate that the market has successfully navigated a challenging situation following the price crash near $60,000. Brandt’s analysis also points to a potential symmetrical triangle pattern in the BTC chart, which may offer further insights into future price movements.

Brandt had previously forecasted a peak of $200,000 for Bitcoin by August or September 2025, revising his initial prediction of $120,000. His recent comments suggest that the recent price drop may be a healthy correction within a larger positive trend, signaling readiness for the next phase of Bitcoin’s price action.

While Brandt’s assessment of the “end run” being completed hints at a sense of closure and preparation for the future, the exact implications of this statement remain subject to interpretation. As the market continues to evolve, traders and investors will be closely monitoring Bitcoin’s price movements for further insights into its trajectory.

For more information, you can read the full article on U.Today.