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Veteran trader Peter Brandt, in his post on social media X, projects that Bitcoin (BTC) will drop to US$58,000-US$62,000.
"US$58,000 to US$62,000 is the range that Bitcoin will reach. If not, I won't be embarrassed, so I don't need to see your screenshots in the future. I am wrong 50% of the time, so I don't care if I'm wrong," he tweeted on Tuesday (20/01).
To reinforce his projection, Brandt showed a daily chart of Bitcoin that looks similar to the worst crypto market crash in October 2025. Moreover, the US$58,000 target is just above the actual price and the 200-week moving average.
In fact, other analysts like Ali Martinez agree. He predicts a price drop to US$66,000. This is also supported by Bitcoin continuing to fall to US$90,000 or down 1.8% in the last 24 hours, according to CoinMarketCap.
#AC
#BTC☀️
"US$58,000 to US$62,000 is the range that Bitcoin will reach. If not, I won't be embarrassed, so I don't need to see your screenshots in the future. I am wrong 50% of the time, so I don't care if I'm wrong," he tweeted on Tuesday (20/01).
To reinforce his projection, Brandt showed a daily chart of Bitcoin that looks similar to the worst crypto market crash in October 2025. Moreover, the US$58,000 target is just above the actual price and the 200-week moving average.
In fact, other analysts like Ali Martinez agree. He predicts a price drop to US$66,000. This is also supported by Bitcoin continuing to fall to US$90,000 or down 1.8% in the last 24 hours, according to CoinMarketCap.
#AC
#BTC☀️
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