Bitcoin Faces Risk of Drop to $58,000 as Peter Brandt Warns of Correction
Bitcoin has been showing increased volatility for several weeks. Now a veteran of the financial markets is warning of a possible decline in the price to as low as $58,000.
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26
January
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By John Isige - 17
Last week, the BTC/USD pair declined sharply and during today’s session fell to the 86,000.00 level, holding near seven-week lows, as the cryptocurrency market came under pressure from several negative factors.
19
January
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By John Isige
- 35
Last week, the BTC/USD pair attempted to advance toward the 97,830.00 area, but the move proved unsustainable. According to a Glassnode report, the upside was driven mainly by a modest inflow into derivatives and the liquidation of some short positions, rather than by steady accumulation on the spot market. As a result, a price correction began on Friday amid geopolitical and regulatory pressures, and BTC ultimately lost about 3.6% of its value, currently holding near the 92,500.00 level.
12
January
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By John Isige
- 47
The BTC/USD pair remains within a medium-term downtrend, although last week’s price action was mixed. After U.S. forces launched Operation “Midnight Hammer” and Venezuelan leader Nicolás Maduro and his wife, Cilia Flores, were reportedly arrested on narco-terrorism charges, BTC rallied toward 94,700.00. Later, however, concerns about a potential January pause in the Federal Reserve’s easing cycle resurfaced, and “digital gold” gave back all of its gains. Today, price is attempting to regain upside momentum, with escalating tensions between the White House and the Fed potentially acting as a key catalyst.
5
January
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By Bielykh Ihor - 119
The BTC/USD pair is holding near 92,560.76, as market participants remain focused on forecasts from leading analysts regarding the future trajectory of the leading cryptocurrency this year.
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By John Isige
- 86
The likelihood of a deep correction in the crypto market amid the U.S.–Venezuela conflict is extremely low, according to MN Trading founder Michaël van de Poppe.
31
December
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By John Isige
- 84
Bitcoin is ending the year below last year’s level and continues to move sideways. The market is waiting for new catalysts in 2026.
30
December
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By John Isige
- 69
Last week, the BTC/USD pair consolidated in the 87,500.00–89,500.00 range amid reduced trading volumes due to the Catholic Christmas holidays. However, today prices have already returned to the 90,000.00 area. Analysts do not share a single view on the drivers behind the recent upward move, but some believe it may be supported by expectations of progress toward a resolution of the Russia–Ukraine conflict, after U.S. President Donald Trump stated that significant advances had been made in negotiations.
25
December
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By John Isige
- 156
During the Christmas holidays, liquidity on cryptocurrency exchanges traditionally declines, and this year the market clearly demonstrated the risks associated with thin trading conditions. On Binance, the price of Bitcoin briefly collapsed by more than 70%, dropping to around $24,000.