Peter Brandt Predicts Bitcoin (BTC) Price Could Crash to $70K

Experts repeatedly report on Bitcoin, making contradictory forecasts about its increased value and sudden market declines.

Veteran trader Peter Brandt has been sharing his thoughts on Bitcoin (BTC) price predictions, and recently, he made a statement about a foreseeable future for Bitcoin and the impact it could have.

Peter Brandt’s Bitcoin Price Prediction: $70K Crash

Brandt, who has four decades of experience in commodity trading, recently told the cryptocurrency community that a Bitcoin price correction could be around the corner.

According to a recent analysis by the trader, the upcoming Bitcoin bull run will likely reach its peak soon before prices correct to around $70,000.

Chart 1- Provided by HTL-NL, published on X, March 28, 2025

The forecast that he has made about Bitcoin price action fits perfectly with the way he analyses Bitcoin markets traditionally. Peter Brandt has become successful in recognising crucial changes in market conditions, and traders hold his technical analysis insight in high regard. The analyst’s use of classical chart patterns, such as the Wolfe Wave, suggests an impending crucial stage in Bitcoin’s price interval.

Chart 2- Provided by Emaculate, published on TradingView on March 28, 2025

According to Chart 2, the Bitcoin price is struggling below the key 50-, 100-, and 200-period moving averages at $85,200, which is tilting the technical bias towards the bears. If the bears manage to keep control of the market, then the king coin could continue its downward movement, potentially hitting the $70K mark as predicted by the analyst. However, a decisive breakout above the key resistance barriers at $85,686 and $89,359 would be needed to invalidate the broader downtrend.

What Does This Mean for Bitcoin Investors?

The market alert issued by Peter Brandt raises questions for Bitcoin holders about the threats that could arise within the financial market. The alert from the analyst requires Bitcoin holders to proceed with prudence because the cryptocurrency has shown vibrant upward movement in recent months.

The anticipated $70K crash would result in substantial investment losses, which demands traders make sound decisions and invest in a way that aligns with their risk tolerance.

The marketplace is known to experience dramatic price swings because Bitcoin exhibits exceptional volatility in its value. A decrease to $70K from recent market peaks would establish this price point as a pivotal support area where traders will be keenly monitoring its movements. A price drop below $70K would factor into a broader long-term downtrend, which in turn would influence investor sentiment and the stability of the cryptocurrency market.

Brandt’s warning concerning Bitcoin’s current positional standing does not permanently damage the coin’s enduring viability. More optimistic outlooks within the industry suggest Bitcoin returns to the market by gaining new strength after price adjustments. Efficient risk control is integral for investors, and they need to prepare for diverse market conditions, encompassing both positive and negative market performance.

Bitcoin Price Prediction: Could A $100K Target Still Be Achievable?

The market prediction of $70K by Peter Brandt has gained widespread attention, but the ultimate direction of Bitcoin's price remains a subject of discussion.

Some market analysts are bullish on Bitcoin breaking through its previous peak value near $70K and advancing toward $100K or higher within the upcoming years. They are also anticipating the impact of the latest US PCE inflation data, which is scheduled for release later today. If the forthcoming US PCE inflation data comes in line with market expectations, it could generate substantial growth in market sentiment.

"At $19K Bitcoin, we noticed a price breakout with $67543.26 as the target and a bull divergence + breakout suggesting a trend reversal and a >3X to reach it.Today, $BTC stands at ≈$87,590, holding above our older target with $116,600 – $118,800s as the current target coming in good proximity. "

The reduction in policy rates typically creates optimistic market sentiments that lead Bitcoin prices toward higher value levels. Researcher Javon Marks made a positive market projection in his recent report. Marks posted on X about BTC attaining a significant price growth from $19K to $67,543 in the past. The previous price movement data leads an expert to anticipate that BTC will revisit the range of $116,600 to $118,800, provided historical patterns continue unfolding.