Legendary analyst has alarming déjà vu alert on Bitcoin
Legendary analyst has alarming déjà vu alert on Bitcoin originally appeared on TheStreet.
Wall Street legend Peter Brandt, who correctly predicted the S&P 500 rally, recently shared an alarming warning about the fate of Bitcoin.
Brandt compared Bitcoin's price cycle over the past year to the 2011-22 cycle and wondered if the cryptocurrency is following the previous pattern and headed for a 75% correction.
It seemed surprising to many members of the Crypto Twitter community that the asset that hit its all-time high (ATH) of $111,970.17 only on May 22 could be poised for a correction.
Brandt's X post invited some curious and some mocking comments, but the veteran trader doubled down on his analysis. He shared his previous blog post dated Apr. 26, 2024, to claim that the king coin has fallen prey to what he calls "exponential delay" in bull cycles.
Comparing the previous bull cycles during 2009-11, 2011-13, 2015-17, and 2018-21, Brandt wrote:
80% of the exponential energy of each successful bull market cycle has been lost.
Bitcoin was trading around $64,000 when he wrote the post on Apr. 26, 2024.
Since then, a whole lot of overwhelming developments have taken place, such as President Donald Trump announcing the creation of a strategic Bitcoin reserve, securities violations cases getting dropped against several leading crypto trading exchanges, etc. In fact, Bitcoin hit its new record high only last month.
But such a positive turn of events didn't deter Brandt from sounding the alarm, as he seemed quite convinced of his analysis.
As per Kraken's price feed, Bitcoin was trading at $108,577.02 at press time, only around 3% lower than its ATH.
Disclaimer: The content above is intended for informational purposes only and should not be taken as financial advice. Do your own research before investing.
Legendary analyst has alarming déjà vu alert on Bitcoin first appeared on TheStreet on Jun 10, 2025
This story was originally reported by TheStreet on Jun 10, 2025, where it first appeared.
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