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The parabolic phase of Bitcoin seems to be coming to an end. Peter Brandt, one of the most authoritative traders, just posted his analysis, indicating a critical support zone around 25,000. An interesting observation, considering where BTC is currently trading.
What does he mean? Brandt is looking at long-term patterns and sees that the current growth could be a turning point. If the parabola really breaks, then 25,000 will become the line to hold. Below this level, more serious problems will begin.
Peter Brandt is known for his accuracy in identifying key levels, so his words should be taken seriously. The question is how quickly the market can retreat to this level and whether it will hold there. Everyone is watching to see what happens next.