Bitcoin is currently trading in the range between $60,000 to $105,000, reminiscent of the period from late 2021. At that time, the price first shot to an all-time high and then collapsed by more than 77%. Renowned analyst Peter Brandt, whose analysis was published by Coingape magazine, warns that the current market structure strikingly resembles the previous one.
Bitcoin and the Threat of Repeating the 2021 Crash
Even though fundamentals like approved ETFs, low exchange supply, and record institutional interest look favorable, Brandt argues that fundamentals are always strongest at peaks and weakest at bottoms. In 2021, Bitcoin fell from $69,000 to $15,500, according to TradingView data. Today, a similar drop from the $105,000 level could mean a decline to approximately $23,600.
Not Every Scenario is Negative
Despite concerns about a crash, positive technical signals also exist. Bitcoin recently recorded a so-called golden cross, the intersection of 50 and 200-day averages, which in the past often foreshadowed price increases of tens to hundreds of percent.
📈 Institutional Adoption Surge
At the same time, more than 60 companies announced during one week that they added Bitcoin to their portfolio.
This growing institutional demand, also spurred by positive statements from American President Trump, is proof of strong fundamentals. However, despite positive sentiment and indicators, a declining scenario cannot be ruled out.
⚖️ What Do Conflicting Predictions Mean?
Conflicting analyses and predictions mean that experts or analysts have different opinions on future price development or trends. While some assume growth, others expect decline. These differences stem from various approaches, indicators, and data interpretations. For investors, this means uncertainty and the need for personal judgment.
The current price structure too closely resembles the development from 2021, when numerous false breakouts led to panic selling.
🥊 The Battle Continues
The battle between positive fundamentals and technical warnings continues. Bitcoin faces a fundamental question: