Bitcoin Price Will Crash To $25k? Predicts Veteran Trader Peter Brandt
Legendary trader Peter Brandt predicts Bitcoin price downfall as volatility and uncertainty rise amid the U.S. debt ceiling dilemma. The crypto community follows Peter Brandt’s updates closely because of his accurate predictions on Bitcoin price. While he remains bullish on Bitcoin hitting $40000, bearish sentiment is rising due to the recent turn of events.
Peter Brandt Predicts Bitcoin Price Fall Amid Debt Ceiling Crisis
Veteran trader Peter Brandt in a tweet on May 22 predicts that Bitcoin price can break below the $26,800 level. After the correction, Bitcoin price will continue to move higher. Earlier, he recommended going long on Bitcoin and predicted a BTC price target of $40,000.
According to his analysis, BTC price risks falling to $24,800. GoinGape Media also reported the same level after on-chain data and technical indicators pointed to an upcoming fall in Bitcoin price. A drawdown in BTC price offers investors to buy the dip.
He also added a warning for others who claim to think otherwise and believe there are no downside risks in BTC price currently.
“Perhaps one more shake out break, then thrust higher. But hey, that’s just a guess, and guessing is the best we have to offer. If anyone is dogmatic about their brilliance, turn and run, protecting your wallet.”
Also Read: MetaMask Developer ConsenSys Clears Air On Terms About Withholding Tax
BTC Price Fall To $25K
The global market set eyes on the US debt ceiling talks as President Joe Biden and Republicans fail to reach common terms in an earlier session. If the US default on its debt the global market could crash by 40% and the crypto market could also feel the shock initially. However, Bitcoin could rise suddenly as US dollar dominance and treasury bonds will be at risk. The rate hikes and banking crisis will continue to impact the market and investors.
BTC price currently trades at $26883, down 1% in the past 24 hours. The trading volume also fell massively in the last few days.
Also Read: Terra Classic Announces Official Date Of Parity Upgrade, LUNC Set To Hit $1?
- Breaking: U.S. PCE Inflation Rises To 2.7% YoY, Bitcoin Bounces
- Breaking: $10 Trillion Vanguard Plans to Offer Crypto ETFs to Brokerage Clients
- BlackRock Loads Up on Bitcoin, Files For Premium ETF to Increase BTC Yield
- Best 10 Crypto Cards for 2025
- Expert Projects HYPE Token Upside as Bitwise Files for Hyperliquid ETF With SEC
- CHMPZ Price Prediction:Will This Net-Zero Community Token be the Next Gem?
- Is Ethereum Price Set for a rebound as Whale accumulation Intensifies?
- HYPE Price Prediction As Bitwise Files For Hyperliquid ETF – Is $55 In Sight?
- Shiba Inu Price Eyes Recovery From Demand Zone With Burn Rate Soaring Nearly 400%
- Bitcoin Price: Analyst Predicts Crash to $104K Before Explosive Rally on Fed Cut Pattern
- HBAR Price Elliot Wave Signals an 86% Rebound as Key Risks Remain
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
