Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»Trader Peter Brandt Issues Bitcoin Warning, Predicts 50% Chance of BTC Dropping Below $40,000 – Here’s the Timeline
ALTCOIN NEWS

Trader Peter Brandt Issues Bitcoin Warning, Predicts 50% Chance of BTC Dropping Below $40,000 – Here’s the Timeline

By Crypto FlexsAugust 9, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Trader Peter Brandt Issues Bitcoin Warning, Predicts 50% Chance of BTC Dropping Below ,000 – Here’s the Timeline
Share
Facebook Twitter LinkedIn Pinterest Email

Veteran trader Peter Brandt has warned that there is a 50% chance that Bitcoin (BTC) will crash below $40,000 this cycle.

Brandt told his 734,000 followers on social media platform X that Bitcoin could crash by more than 35% from its current value by the end of next year.

“I believe there is a 50% chance that BTC will drop below $40,000 before the last half of the halving.”

Source: Peter Brandt/X

Brandt also suggests that Bitcoin’s price action this year could be forming an inverted right triangle, similar to the black swan event Bitcoin experienced at the start of the COVID-19 pandemic in 2020. This pattern is also known as a descending expanding wedge, and if the lower trendline holds as support, it could lead to a bullish reversal over time.

“The inverted right triangle was created by Richard W. Schabacker in his 1934 book Technical Analysis and Stock Market Profits. Here is the Bitcoin chart. The upper boundary is not horizontal, but I still think the two fit together well.”

video
Source: Peter Brandt/X

At the time of writing, Bitcoin is trading at $61,306, up 10.7% over the last 24 hours.

Brandt then shared a chart showing that smart contract platform Solana (SOL) is clearly going to outperform its competitor Ethereum (SOL/ETH) in the coming months, noting that this trend could continue due to key differences between the two networks.

“It was clear that there would be a clear winner in the battle between SOL and ETH.

  • ETH: It’s hard to deal with, expensive, flawed, and claims to be decentralized, but it’s not.
  • SOL: Easy to use, great foundation.

SOL will be 100% profitable on ETH in the coming months.”

video
Source: Peter Brandt/X

At the time of writing, SOL/ETH is trading at 0.06059 BTC ($160), down slightly over the last 24 hours.

Don’t miss out – subscribe to receive email notifications straight to your inbox

Price check task

Follow us XFacebook and Telegram

Surfing the Daily Hodl Mix

&nbsp

Disclaimer: The opinions expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making any high-risk investment in Bitcoin, cryptocurrencies or digital assets. Your transfers and transactions are at your own risk and any losses you may incur are your own responsibility. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets and The Daily Hodl is not an investment advisor. The Daily Hodl participates in affiliate marketing.

Generated image: Midjourney

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The method of transforming ASTER WHALES into panic is as follows.

September 25, 2025

The XRP market value surpasses Shopify, Verizon, and Citigroup. Whales sell 40m coins.

September 18, 2025

‘Fat Apps’ can lead the cryptographic story in the next few months.

September 11, 2025
Add A Comment

Comments are closed.

Recent Posts

CoinFerenceX 2025 Unites Global Web3 Innovators In Singapore On September 29

September 26, 2025

Pepeto Highlights $6.8M Presale Amid Ethereum’s Price Moves And Opportunities

September 26, 2025

LYS Labs Moves Beyond Data And Aims To Become The Operating System For Automated Global Finance

September 26, 2025

Dexari Unveils $1M Cash Prize Trading Competition

September 26, 2025

How to solve the XPL perp defect

September 26, 2025

Detect the full execution bug with the induction pursing of Wake

September 25, 2025

KuCoin Appeals FINTRAC Decision, Reaffirms Commitment To Compliance

September 25, 2025

Phemex Revamps Blog To Deliver Deeper Insights And Enhanced Reader Experience

September 25, 2025

T-REX Launches Intelligence Layer To Fix Web3’s Value Distribution Problem

September 25, 2025

Are you doing a fair deal?

September 25, 2025

The method of transforming ASTER WHALES into panic is as follows.

September 25, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

CoinFerenceX 2025 Unites Global Web3 Innovators In Singapore On September 29

September 26, 2025

Pepeto Highlights $6.8M Presale Amid Ethereum’s Price Moves And Opportunities

September 26, 2025

LYS Labs Moves Beyond Data And Aims To Become The Operating System For Automated Global Finance

September 26, 2025
Most Popular

With SOL prices falling and pumping, can Solana overcome the selling pressure?

April 15, 2024

Ethereum Price Breakout Above $3,000 Likely to Be Delayed Until October

August 30, 2024

Grayscale Launches Aave Fund Amid DeFi Surge: Redefining Finance

October 5, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.