Peter Brandt Shorts Bitcoin Based on Megaphone Pattern
ByAinvest
Friday, Oct 31, 2025 1:23 am ET1min read
BTC--
Peter Brandt, a commodities trader and long-term Bitcoin holder, has shorted the cryptocurrency based on the bearish megaphone pattern. Brandt predicts a 30% chance that Bitcoin has already topped in the current cycle and could eventually soar to $500,000 by November 2026. A daily close below the lower trendline of the megaphone pattern would likely lead to a bearish reversal.
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