Peter Brandt Warns Bitcoin May Fall Over 30% From $92K Level

TLDR

Table of Contents

Peter Brandt sees a 33–37% Bitcoin drop due to a rising wedge pattern.
Bitcoin may repeat its 2022 cycle, forming a bull trap before falling.
US liquidity recovery since Nov 2025 could support a future crypto rally.
Long-term Bitcoin whales have begun moving and selling dormant BTC.

Veteran trader Peter Brandt has predicted that Bitcoin may fall by over 30%, based on a bearish technical chart pattern. As Bitcoin trades around $92,400, analysts remain divided, with some expecting a correction and others pointing to improving liquidity for a possible rally.

Brandt Cites Bearish Pattern Suggesting Price Drop to $58K–$62K

Peter Brandt, a well-known trader with decades of experience, has forecasted that Bitcoin could drop by 33% to 37% from current levels. According to Brandt, the price could fall to the $58,000 to $62,000 range, down from around $92,400.

He based this prediction on a rising wedge pattern that formed on Bitcoin’s chart over the past two months. This pattern shows converging trendlines where the lower line rises faster than the upper one. It often suggests that bullish momentum is slowing.

58k to $62k is where I think it is going $BTC
If it does not go there I will NOT be ashamed, so I do not need to see you trolls screen shot this in the future
I am wrong 50% of the time. It does not bother me to be wrong pic.twitter.com/NDOuSrqLwa

— Peter Brandt (@PeterLBrandt) January 19, 2026

Brandt shared the analysis in a post on X, formerly Twitter, saying, “58k to $62k is where I think it is going BTC.” He added that he is wrong 50% of the time and is comfortable with being wrong, aiming to avoid future criticism for inaccurate forecasts.

Other Analysts Also Warn of Bearish Bitcoin Setups

Several other market analysts have also identified bearish signs. One compared the current price action of Bitcoin to its 2022 cycle. That year, Bitcoin staged a relief rally below resistance before a steep drop.

This analyst said the 2026 pattern mirrors that setup, with Bitcoin failing to break resistance and potentially setting up for another decline. A breakdown below rising support could accelerate the price fall.

Crypto media outlet BeInCrypto has listed five bearish signals, adding to the concerns that a correction may be near. These include technical and structural factors influencing short-term market direction.

Improving US Liquidity Offers a Bullish Counterview

Despite bearish views, some analysts have taken a more optimistic stance. Ted Pillows noted that US liquidity growth, which bottomed in November 2025, has begun to recover.

He believes this recovery may support a new rally across the crypto market. “Now US liquidity is improving, which is one of the reasons I’m expecting a crypto rally,” Pillows said in a recent comment.

Rising liquidity often benefits risk assets like Bitcoin, which can see inflows from institutional and retail investors as market conditions improve. This creates uncertainty among traders about the near-term direction.

Long-Term Bitcoin Whales Resurface and Make Moves

Blockchain data shows that long-term Bitcoin holders have become more active amid the mixed outlook. Lookonchain, an on-chain analytics platform, tracked a whale wallet that moved 909 BTC after 13 years of inactivity.

The whale had originally received the coins when Bitcoin was trading under $7, making the current value a major increase. Another early holder, who bought 5,000 BTC at $332 each 12 years ago, has been selling gradually since December 2024.

According to Lookonchain, this individual has sold 2,500 BTC worth $265 million and still holds the same amount. Total profits are estimated at over $500 million.

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