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Peter Brandt is a legendary crypto trader and analyst. Brandt has accurately predicted significant events like the Bitcoin price crash of 2018, and the analyst has observed similar trends in the current market.\u00a0<\/p>\n
Bitcoin<\/a>, alongside top cryptocurrencies like Ethereum, Cardano, XRP, Solana, Dogecoin and BNB, recently witnessed a correction in prices. According to legendary investor and trader Peter Brandt, this could be more than a price correction.\u00a0<\/p>\n Brandt rose to fame through his accurate and timely prediction of Bitcoin\u2019s<\/a> colossal crash in 2018. The analyst predicted BTC\u2019s most significant move, an 80% decline in Bitcoin price.\u00a0<\/p>\n In a recent tweet, Brandt evaluated Bitcoin\u2019s price structure and highlighted \u201cstructural similarities\u201d between BTC\u2019s current trend and on the eve of the 80% drop in 2018. Brandt told his 634,300 followers that the BTC chart is \u201cdeja vu all over again.\u201d<\/p>\n Cryptocurrency analysts at Stck.pro have identified a death cross in the Bitcoin<\/a> price chart. Analysts believe Bitcoin price is at risk of close to a 50% drop, and $25,000 is the downside target for BTC. Lark Davis, a leading YouTuber and crypto analyst, recently evaluated the impact of a death cross on Bitcoin price.\u00a0<\/p>\n The last two times there was a death cross on the three-day Bitcoin price chart it resulted in a 50% drop in price. Davis argues that Bitcoin is two weeks away from a death cross and expects a similar outcome.\u00a0<\/p>\n \u00a0<\/p>\n<\/p><\/div>\n