Legendary Trader Peter Brandt Warns: Bitcoin Could Crash to $70K — Is a Massive Sell-Off Coming?

Jakarta, Pintu News – Bitcoin BTC->Current BTC PriceRp 0Market Cap-Trading Volume-Circulating Supply- price is back in the red zone along with a massive sell-off in the crypto market today (28/3/25).

The decline came amid market participants waiting for the upcoming US PCE inflation data, which is expected to provide clues on the Fed’s stance on interest rate cut plans.

However, amidst the gloomy market sentiment, veteran trader Peter Brandt hinted at the possibility of Bitcoin plummeting to the $70,000 level in the near future.

Bitcoin Price Drops: What Will Happen Next?

Bitcoin price today (28/3), is down more than 1.4% at the time of writing, and has slipped below the $86,000 level. The previous day’s trading volume also decreased by 2.4%, to $25.8 billion.

Read also: Bitcoin Dips to $86K—But Massive 6,000 BTC Withdrawal Could Signal What’s Coming Next

Over the past 24 hours, Bitcoin price has recorded a low of $85,837.93 and a high of $87,702.17.

Even so, BTC price predictions suggest a possible recovery to the $88,000 level before the end of this month. However, open interest on Bitcoin Futures fell by more than 1.5%, reflecting reduced risk appetite among traders.

Peter Brandt hints at potential crash in Bitcoin price

Amidst the gloomy momentum still surrounding the crypto market as a whole, veteran trader and market analyst Peter Brandt hinted at a possible Bitcoin price crash in the near future.

For context, in a recent analysis on platform X, HTL-NL analysts showed a chart forecasting a potential BTC price drop to $76,700, which could even reach around $70,000.

In response to the analysis, Brandt commented, “This is not an unreasonable expectation.” This shows that he also believes that there is strong selling pressure on Bitcoin, which could push its price down near the $70,000 level.

Will Bulls Rule the Market After the Release of US PCE Inflation?

The current price drop seems to be due to the cautious attitude of investors who chose to wait ahead of today’s scheduled release of US PCE inflation data.

If the inflation data is in line with market expectations, this could be a big boost to positive sentiment in the market.

Declining inflationary pressures could potentially prompt the Fed to take a more dovish interest rate policy stance. Typically, lower interest rates boost traders’ confidence, which in turn can push Bitcoin prices up.

On the other hand, analyst Javon Marks also shared an optimistic prediction. In his latest post on X, Marks highlighted BTC’s previous price surge from $19,000 to $67,543.

Comparing that movement to current levels, he estimates that Bitcoin could reach between $116,600 to $118,800 if history repeats itself.

Read also: XRP Price Predictions for 2025 to 2030 Based on Bitwise’s Latest Report!

In addition, a number of other analysts have also predicted a potential BTC breakout towards a new record high (All-Time High/ATH). For example, Michael van de Poppe in his latest post on X stated that “Bitcoin’s price decline is quickly absorbed and buying pressure continues to increase.”

With this in mind, he signaled that Bitcoin could experience a strong rally in the second quarter. However, some analysts argue that to sustain this bullish momentum, Bitcoin price needs to break the crucial support level of $90,000.

That’s the latest information about crypto news today. Get more information about crypto academy from beginner to expert level only at Pintu Academy and enrich your knowledge about the world of crypto and blockchain.

Follow us on Google News to get the latest information about crypto and blockchain technology. Enjoy an easy and secure crypto trading experience by downloading Pintu Crypto via Google Play Store or App Store now.

Experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro. Click Register Pintu if you don’t have an account or click Login Pintu if you are already registered.

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. Veteran Trader Peter Brandt Hints At Bitcoin Price Crash To $70K, What’s Next? Accessed on March 28, 2025