Veteran trader Peter Brandt says he is leaning toward betting on a Bitcoin decline, although he has not yet taken a position. His chart analysis reveals a head-and-shoulders formation between April and June, with a breakdown below the neckline at around $75,000 followed by a massive sell-off from $75,000 to below $60,000. Brandt’s drawn arrow targets approximately $58,000, suggesting a potential retest of 2026 lows. Meanwhile, a whale sold 7,513 BTC, worth approximately $486.9 million, over the past three weeks, according to Lookonchain data.
Source: Read the original article
