Peter Brandt is once again painting a "below what is desired" scenario for BTC - a move to the 58,000-62,000$ zone.

The opinion of the renowned trader seems even more important this time after he predicted a price move to the 81,700$ level at the end of October, when the rate was 110,000$. He forecasted a dump in November.

Now, a new bearish forecast and the already mentioned target - 58,000-62,000$. On Brandt's chart, the key reference point from below is the area of 63,254$, with deeper levels around 58 840$ and 73,786$.

In a comment on X, the analyst writes - if BTC does not go there, he will not justify himself or explain why "the market did not understand the genius". Brandt reminds that he is wrong about 50% of the time, and that is normal. Being wrong is part of the market analyst's profession 👌

What is important in the logic of Brandt's new analysis:

- The market remains in a descending structure. After a series of local peaks, the price created pressure from above and is holding below key zones where there was previously support.

- The current rise resembles more of a correction. Brandt interprets it as a bounce within a range, rather than the start of a new upward impulse.

- Targets from below are predefined. 58,000-62,000$ looks like a zone where the price can "stretch" to relieve overheating and test demand.