Veteran trader Peter Brandt warns that Bitcoin could be heading lower, with a bearish “rising wedge” pattern pointing to a possible drop toward $60,000 or even $49,000 in a deeper sell-off.
$BTC is currently sitting at a key support zone around $65K–$67K. Holding it could trigger a short-term bounce, but losing it may accelerate the decline.
Ongoing U.S.–Iran tensions, mixed signals from Donald Trump, rising bond yields, and weakening market momentum are all adding pressure.
Overall, Bitcoin is at a critical point, with downside risks increasing if support fails.