Peter Brandt Questions if a 75% Correction Looms, Mirroring 2022 Script

Brandt shared charts illustrating past and present Bitcoin price action, drawing parallels that suggest a cautionary outlook.

Brandt’s analysis points to recurring patterns in Bitcoin’s price behavior. The charts display structures he labels as “Bump,” “Dump,” and “Thump,” which appeared in a previous downtrend.

Crucially, a “Double top” formation is also highlighted in the historical context, a classic bearish reversal pattern.

The core of Brandt’s query lies in whether the current market structure is mirroring these past bearish formations.

READ MORE:

Bitcoin Targeting $120,000 While Altcoins Signal Historic Breakout Potential

If BTC is indeed repeating its 2022 script, investors could face a substantial downside, potentially leading to a 75% price correction from current levels.

While Brandt frames his observation as a question—”Doesn’t hurt to ask this, does it?”—it serves as a critical reminder for traders and investors to consider potential downside risks and historical precedents in an often volatile market.

The post Peter Brandt Questions if a 75% Correction Looms, Mirroring 2022 Script appeared first on Coindoo.