{"id":668104,"date":"2024-12-30T21:30:12","date_gmt":"2024-12-30T21:30:12","guid":{"rendered":"https:\/\/ktsl888.com\/?p=668104"},"modified":"2024-12-30T11:17:33","modified_gmt":"2024-12-30T11:17:33","slug":"bitcoin-price-crash-to-78000","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin\/bitcoin-price-crash-to-78000\/","title":{"rendered":"Legendary Analyst Peter Brandt Says Bitcoin Price Could Crash To $78,000, Here&#8217;s Why"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Legendary analyst <\/span><a href=\"https:\/\/ktsl888.com\/news\/bitcoin\/bitcoin-flashes-inverted-triangle\/\"><span style=\"font-weight: 400\">Peter Brandt<\/span><\/a><span style=\"font-weight: 400\"> has provided a bearish outlook for the Bitcoin price. He predicted it could crash to as low as $78,000 and explained why he holds such a bearish sentiment.\u00a0<\/span><\/p>\n<h2>Peter Brandt Predicts Bitcoin Price Crash To $78,000<\/h2>\n<p><span style=\"font-weight: 400\">In an <\/span><a href=\"https:\/\/x.com\/PeterLBrandt\/status\/71615171\" rel=\"nofollow\"><span style=\"font-weight: 400\">X post<\/span><\/a><span style=\"font-weight: 400\">, Peter Brandt predicted that the Bitcoin price could crash to $78,000. This prediction came as he revealed a <\/span><a href=\"https:\/\/ktsl888.com\/news\/bitcoin-price-inverse-head-shoulders-pattern-76000\/\"><span style=\"font-weight: 400\">head and shoulders<\/span><\/a><span style=\"font-weight: 400\"> top pattern. The legendary analyst remarked that a complete formation of this pattern could cause a price breakdown to this target. Brandt added that this pattern might fail with a \u201cthrust hire,\u201d or it might morph into something else.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/altcoin\/xrp-price-prediction-fibonacci-and-elliott-wave-analysis-suggests-15-by-may-2025\/\">XRP Price Prediction: Fibonacci And Elliott Wave Analysis Suggests $15 By May 2025<\/a><\/div>\n<figure id=\"attachment_668109\" aria-describedby=\"caption-attachment-668109\" style=\"width: 212px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-668109\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Bitcoin-price-1-3.png?w=212&#038;resize=212%2C460\" alt=\"Bitcoin price 1\" width=\"212\" height=\"460\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Bitcoin-price-1-3.png?w=236 236w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Bitcoin-price-1-3.png?w=212 212w\" sizes=\"auto, (max-width: 212px) 100vw, 212px\"><figcaption id=\"caption-attachment-668109\" class=\"wp-caption-text\">Source: X<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">Peter Brandt stated that as it stands now, it is a head and shoulders top pattern for the Bitcoin price dealt with for what it is. The legendary analyst isn\u2019t the only one who has raised this bearish pattern for Bitcoin. Crypto analyst <\/span><a href=\"https:\/\/ktsl888.com\/bitcoin-news\/bitcoin-head-and-shoulders-setup-raises-fears-of-80000-price-drop-details\/\"><span style=\"font-weight: 400\">Aksel Kibar also highlighted<\/span><\/a><span style=\"font-weight: 400\"> a potential head and shoulders pattern that formed on the BTC chart.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The analyst indicated that this bearish pattern put the Bitcoin price at risk of dropping to $80,000. He also raised the possibility of this pullback pushing the flagship crypto to the <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoins-breakout-from-broadening-wedge-pattern\/#:~:text=The%20broadening%20wedge%20formation%20which,resistance%20and%20support%20levels%20expanding.\" rel=\"nofollow\"><span style=\"font-weight: 400\">broadening pattern<\/span><\/a><span style=\"font-weight: 400\"> that completed with a breakout above $73,600. However, the analyst suggested that this bearish pattern can still be invalidated as it still needs to breach below the neckline before this breakdown becomes a real possibility.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Crypto analyst <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoins-most-strategic-move-yet-30-correction\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Ali Martinez<\/span><\/a><span style=\"font-weight: 400\"> also recently provided a bearish setup for the Bitcoin price. He stated that a drop below $93,600 could send the flagship crypto to $80,000 or even $70,000. On the other hand, he remarked that BTC needs to break above $94,800 to confirm a price rebound.\u00a0<\/span><\/p>\n<h2>How It Could Play Out For BTC<\/h2>\n<p><span style=\"font-weight: 400\">In an X post, crypto analyst <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoin-rare-buy-signal-130000\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Mikybull Crypto<\/span><\/a><span style=\"font-weight: 400\"> provided insights into how it could play out for the Bitcoin price. He stated that Bitcoin might experience a dump before heading to Q1 2025 before the final rally to a cycle top. He added that 2025 will be more volatile than most market participants expect.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/dogecoin\/dogecoin-price-price-crashing-0-2\/\">Dogecoin Price Gets Caught In Long Cup And Handle Pattern That Could Send Price Crashing Below $0.2<\/a><\/div>\n<figure id=\"attachment_668110\" aria-describedby=\"caption-attachment-668110\" style=\"width: 460px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-668110\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Bitcoin-price-2-4.png?w=460&#038;resize=460%2C258\" alt=\"Bitcoin price 2\" width=\"460\" height=\"258\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Bitcoin-price-2-4.png?w=512 512w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Bitcoin-price-2-4.png?w=460 460w\" sizes=\"auto, (max-width: 460px) 100vw, 460px\"><figcaption id=\"caption-attachment-668110\" class=\"wp-caption-text\">Source: X<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">The analyst\u2019s accompanying chart showed that the Bitcoin price could rally to a cycle top of around $130,000. <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoin-dominance-breakdown-confirmed-the-next-altseason-is-right-around-the-corner\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Crypto analyst Jelle<\/span><\/a><span style=\"font-weight: 400\"> also recently predicted that BTC could reach $140,000 in the next three months. Despite Bitcoin\u2019s current tepid price action, the analyst is confident that the crypto will still rally much higher.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">He stated that everything points to the Bitcoin price being higher a few months from now. The crypto analyst added that it doesn\u2019t matter whether BTC drops to $87,000 in the meantime or not, as it will still rally higher later on.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">At the time of writing, the Bitcoin price is trading at around $93,600, down over 1% in the last 24 hours, according to <\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/bitcoin\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">data<\/span><\/a><span style=\"font-weight: 400\"> from CoinMarketCap.\u00a0<\/span><\/p>\n<figure style=\"width: 3286px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/eG235qcM\/\" alt=\"Bitcoin price chart from Tradingview.com\" width=\"3286\" height=\"1518\"><figcaption class=\"wp-caption-text\">BTC price fails to reclaim $94,000 | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">BTCUSD on Tradingview.com<\/a><\/figcaption><\/figure>\n<div class=\"disclaimer-shortcode\">Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Legendary analyst Peter Brandt has provided a bearish outlook for the Bitcoin price. He predicted it could crash to as low as $78,000 and explained why he holds such a bearish sentiment.\u00a0 Peter Brandt Predicts Bitcoin Price Crash To $78,000 In an X post, Peter Brandt predicted that the Bitcoin price could crash to $78,000. This prediction came as he revealed a head and shoulders top pattern. The legendary analyst remarked that a complete formation of this pattern could cause a price breakdown to this target. Brandt added that this pattern might fail with a \u201cthrust hire,\u201d or it might morph into something else.\u00a0 Related Reading: XRP Price Prediction: Fibonacci And Elliott Wave Analysis Suggests $15 By May 2025 Peter Brandt stated that as it stands now, it is a head and shoulders top pattern for the Bitcoin price dealt with for what it is. The legendary analyst isn\u2019t the only one who has raised this bearish pattern for Bitcoin. Crypto analyst Aksel Kibar also highlighted a potential head and shoulders pattern that formed on the BTC chart.\u00a0 The analyst indicated that this bearish pattern put the Bitcoin price at risk of dropping to $80,000. He also raised the possibility of this pullback pushing the flagship crypto to the broadening pattern that completed with a breakout above $73,600. However, the analyst suggested that this bearish pattern can still be invalidated as it still needs to breach below the neckline before this breakdown becomes a real possibility.\u00a0 Crypto analyst Ali Martinez also recently provided a bearish setup for the Bitcoin price. He stated that a drop below $93,600 could send the flagship crypto to $80,000 or even $70,000. On the other hand, he remarked that BTC needs to break above $94,800 to confirm a price rebound.\u00a0 How It Could Play Out For BTC In an X post, crypto analyst Mikybull Crypto provided insights into how it could play out for the Bitcoin price. He stated that Bitcoin might experience a dump before heading to Q1 2025 before the final rally to a cycle top. He added that 2025 will be more volatile than most market participants expect.\u00a0 Related Reading: Dogecoin Price Gets Caught In Long Cup And Handle Pattern That Could Send Price Crashing Below $0.2 The analyst\u2019s accompanying chart showed that the Bitcoin price could rally to a cycle top of around $130,000. Crypto analyst Jelle also recently predicted that BTC could reach $140,000 in the next three months. Despite Bitcoin\u2019s current tepid price action, the analyst is confident that the crypto will still rally much higher.\u00a0 He stated that everything points to the Bitcoin price being higher a few months from now. The crypto analyst added that it doesn\u2019t matter whether BTC drops to $87,000 in the meantime or not, as it will still rally higher later on.\u00a0 At the time of writing, the Bitcoin price is trading at around $93,600, down over 1% in the last 24 hours, according to data from CoinMarketCap.\u00a0 Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":465967,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651],"tags":[167,428,656,679,1119,89185,1122,1144,78790,6664,26263,14690],"class_list":["post-668104","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-analyst","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-news","tag-btc-price","tag-btcusd","tag-btcusdt","tag-crypto","tag-crypto-analyst","tag-crypto-news"],"acf":[],"yoast_head":"\n<title>Legendary Analyst Peter Brandt Says Bitcoin Price Could Crash To $78,000, Here&#039;s Why<\/title>\n<meta name=\"description\" content=\"Legendary analyst Peter Brandt has provided a bearish outlook for the Bitcoin price as he predicted it could crash to as low as $78,000.\" \/>\n<meta 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