Peter Brandt Warns of 80% Bitcoin Price Crash to $25,240

The current situation in the Bitcoin market is marked by strong selling pressure, with Bitcoin trading below $90,000. Key factors influencing this include:

Veteran trader Peter Brandt predicts a potential Bitcoin price crash, suggesting a possible decline of up to 80% from its peak, based on historical cycles.
Retail investors are the primary source of selling pressure, and Bitcoin faces significant resistance at $93,000.
Market analyst Captain Faibik notes that repeated tests of the $93,000 resistance are weakening it, indicating a possible future breakout if bulls reclaim this level.
Michael Saylor hints at additional BTC purchases, with his firm holding a substantial Bitcoin treasury.

Upcoming Economic Indicators

The US CPI numbers for November are anticipated, with forecasts suggesting a year-over-year increase of 3.1% and a month-over-month rise of 0.4%, potentially affecting Fed rate decisions.
The Bank of Japan's rate hike decision is expected on December 19. Historically, previous hikes have led to 20-30% drops in Bitcoin's price, possibly leading to levels around $70,000.