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Peter Brandt Warns Bitcoin Could Drop to $58K–$62K Next

Bitcoin (BTC) stays underneath promoting strain after shedding key technical assist. Veteran dealer Peter Brandt has warned that the present construction nonetheless factors decrease. His focus is on the $58,000–$62,000 vary, which he considers the following main space to watch following the current breakdown.

Peter Brandt Targets $58K–$62K

Peter Brandt wrote that “58k to $62k is the place I believe it’s going,” conserving his bearish view on Bitcoin. He shared a chart displaying a broadening prime sample, also called a megaphone setup. The sample fashioned with wider swings earlier than the value slipped via the decrease assist line.

After that breakdown, Bitcoin bounced and climbed again towards $102,200. However, the transfer failed to regain misplaced assist and reversed decrease, becoming the definition of a bearish retest. Brandt’s draw back zone additionally sits shut to $58,840, which matches the $58,000–$62,000 vary he referenced.

Bitcoin peaked close to $126,000 in early October 2025 earlier than reversing decrease. The drop confirmed a accomplished prime construction and pushed BTC down into the November low. It later stabilized and moved right into a rising channel, however the rebound has not cleared key ceilings.

Notably, two resistance ranges stay in focus at $98,950 and $102,200. Bitcoin has struggled to shut above each zones. As lengthy because the asset stays beneath them, patrons face a troublesome restoration path.

Meanwhile, the ADX (14) sits close to 33, which factors to a powerful pattern setting. With Bitcoin nonetheless buying and selling beneath key transferring averages, the studying helps the concept that sellers nonetheless management the broader transfer.

Bitcoin trades close to $91,000 at press time, down about 2% over 24 hours and 1% within the final seven days. Trading quantity stands above $38 billion. Renewed geopolitical tensions and tariff rhetoric from US President Donald Trump have added strain to danger belongings, together with Bitcoin.

CME Gaps and On-Chain Loss Signals

Short-term merchants are additionally monitoring CME worth gaps forming round $93,000. Analyst CW said “a brand new CME hole has fashioned round $93,000,” including that BTC could “first fill the CME hole round $88.2k, after which the CME hole at $93k.” That outlook factors to a dip-and-rebound state of affairs if patrons defend the decrease zone.

On-chain knowledge provides one other layer of concern. CryptoQuant head of analysis Julio Moreno stated Bitcoin holders are actually realizing losses, with the 30-day Realized Net Profit/Loss turning adverse for the primary time since October 2023.

Another CryptoQuant analyst, MorenoDV_, additionally pointed to a attainable shift in sentiment primarily based on the Fear & Greed Index pattern. The analyst stated the 30-day common has crossed above the 90-day common for the primary time since May 2025, describing it as a setup the place “short-term sentiment is enhancing quicker than the broader baseline.”

Even so, the analyst warned that the sign works greatest as affirmation and never a set off. If the short-term common fails to maintain above the long-term line, it might counsel “optimism lacked depth and conviction” throughout a fragile market part.

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