Veteran trader Peter Brandt expects Bitcoin to face a deeper correction, projecting a potential decline to around $40,000 in a bearish scenario. Brandt noted that current market structure suggests additional downside pressure despite recent stability, driven by weakening momentum and limited follow-through from buyers.
In his base case, Brandt anticipates Bitcoin stabilizing near $58,000 before resuming an upward trajectory. He argues that the broader bull cycle remains intact and that a corrective phase would help reset market conditions after months of elevated valuations.
Brandt maintains that Bitcoin could still reach new all-time highs once the consolidation phase is complete, citing long-term cyclical patterns and improving institutional infrastructure. His outlook reinforces the view that volatility remains a central feature of the maturing digital asset market.
