Veteran trader Peter Brandt is predicting a 50% chance of Bitcoin falling below $40,000 by the end of next year. He believes Bitcoin could drop by over 35% from its current price.
Brandt’s Prediction:
Brandt sees a pattern in Bitcoin’s price action this year that resembles a “falling broadening wedge,” a chart pattern that often leads to a decline. He’s not alone in this prediction, as many other analysts are also concerned about Bitcoin’s price trajectory.
Solana’s Potential:
While Brandt is bearish on Bitcoin, he’s bullish on Solana. He believes Solana will outperform Ethereum in the coming months due to its user-friendliness and strong foundation.
Important Note:
Remember, these are just predictions from a seasoned trader. Don’t take them as financial advice. It’s always best to do your own research before making any investment decisions.
