Peter Brandt: "Bitcoin will fall to $44,000 - and here's why"

According to the trader's calculations, the upper level of the model is around $72,000, and the lower level is at $43,970.

"Bitcoin's correction may reach the $44,000 mark, the bearish movement may continue depending on further dynamics in the market."
"A double top is a pattern that signals a medium- to long-term change in trend from bullish to bearish. It is formed when the value of a cryptovalue reaches its peak value twice - followed by a pullback.

CEO Factor noted that now the deviation of bitcoin value from the peaks of the "double top" is 10%, and the model assumes a price drawdown of at least 20%.

In addition, the trader drew attention to the decrease in the spread between the current and historical volatility of BTC. This means that investors expect more stability in the market in the short term.

Earlier, Peter Brandt suggested that if the bitcoin price follows the trajectory of past bull cycles after halving, it will reach $130,000-$150,000 at the end of August 2025.