Peter Brandt Warns of Bitcoin Price Crash to $75K: Key Levels to Watch

Bitcoin (BTC) has started the third week of 2025 on shaky ground, raising concerns among investors. After losing over 5% last week, the leading cryptocurrency slipped below the critical $95,000 support level, trading around $94,146 during Monday’s early European session. The sudden drop has sparked fresh fears of further sell-offs, with technical indicators hinting at a potential downturn.

With market sentiment shifting and whale activity slowing, the next few days could prove pivotal.

Crypto Market Sentiments Shift – and It’s Not Looking Good

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Adding to market concerns, data from Santiment shows that crypto trading volumes have fallen to levels not seen since before the November 5, 2024, U.S. elections.

Meanwhile, the total supply of Bitcoin on centralized exchanges (CEXes) has risen by 2,729 BTC—worth about $256 million—over the past 24 hours, bringing the total to 2.19 million BTC.

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Technical Analysis: Warning Signs for Bitcoin

Bitcoin’s price charts reveal signs of a potential head and shoulders (H&S) pattern, a classic bearish indicator, forming on the daily timeframe. Adding to the bearish signals, the Relative Strength Index (RSI) is showing a divergence, suggesting a possible dip below $90,000 in the near future.

Renowned trader Peter Brandt has weighed in on Bitcoin’s current setup. According to him, the cryptocurrency may be forming an H&S pattern, a bear-trap, or transitioning into a longer-term structure. Brandt highlighted that if the H&S pattern plays out, Bitcoin’s price could fall to a target range between $77,500 and $75,000.

Key Level to Watch

Despite the bearish outlook, there’s still hope for a reversal. Brandt noted that if Bitcoin can consistently close above $108,000, it could signal the start of a new bullish trend. Until then, the market remains volatile, with traders closely watching for signs of further downside.

The coming days will be crucial in determining whether Bitcoin can recover or if more losses are on the horizon. Will it hold its ground, or is a deeper correction inevitable? Stay tuned.

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