Bitcoin News: Peter Brandt Warns Bitcoin May Mirror 1970s Soybean Crash, Targeting $60K

Key TakeawaysVeteran trader Peter Brandt warns that Bitcoin’s current chart resembles the 1970s soybean market, which crashed 50% after forming a similar top pattern. Brandt says Bitcoin’s long-awaited “final thrust” rally may never come, with potential downside to $60,000. Other analysts remain optimistic, expecting a Q4 recovery and a final leg higher toward $250,000. Brandt Compares Bitcoin’s Chart to the 1970s Soybean BubbleBitcoin’s price pattern is beginning to mirror one of the most dramatic commodity bubbles in modern history, according to veteran trader Peter Brandt source: https://www.binance.com/en/square/post/31388681370449?utm_source=BinanceNewsRSS