Analyst Predicts Possible Decline of Bitcoin to $58k-$62k in 2026

HorizonHunter · 2026-01-31T10:00:53+00:00

Peter Brandt predicts a 33% to 37% drop in the price of Bitcoin, which is currently at $83.14K, potentially reaching between $58,000 and $62,000. He highlights resistance at $102,300, which is crucial for the asset's future trend.

HorizonHunter

2026-01-31 10:00:53

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Peter Brandt, a renowned trader who predicted the Bitcoin crash in 2018, is warning the market again with a new perspective. The esteemed analyst forecasts a significant decline in Bitcoin’s price, with a possible correction ranging from 33% to 37% relative to current levels.

According to information from NS3.AI, Brandt’s prediction points to a selling pressure scenario if market trends continue on an unfavorable trajectory. The current analysis shows that Bitcoin is trading around $83.14K, a substantial variation compared to previously reported levels.

Peter Brandt Identifies Strong Resistance Near $102k

The trader points to a strong resistance located near $102,300, a level that would serve as a crucial barrier for the continuation of the bullish movement. If the price fails to break this level sustainably, selling pressure is likely to intensify, paving the way for the previously mentioned decline scenario.

The identified resistance represents an important inflection point on the technical chart, serving as a thermometer to assess the strength or fragility of Bitcoin’s current trend.

33-37% Drop Could Send BTC to Critical Zone

If the downward trend persists as the analyst predicts, Bitcoin’s price could retreat significantly, reaching a range between $58,000 and $62,000. This correction would represent considerable selling pressure, moving away from the current levels near $83K.

The magnitude of this possible decline reflects the characteristic volatility of the cryptocurrency market, where amplified movements can occur over relatively short periods when market consensus shifts direction.

Current Price Shows Contained Volatility, Awaiting Market Signal

Bitcoin continues to be traded with modest daily fluctuations relative to the mentioned resistance levels. The current quote of $83.14K represents a temporary balance between buyers and sellers, keeping the asset on hold while waiting for a decisive catalyst.

Analysts continue to monitor these critical levels to validate or refute Brandt’s predictions. Regardless of the outcome, Bitcoin’s ability to break the $102k resistance or give in to selling pressure will be crucial in confirming which of the two narratives—bullish or bearish—will prevail in the upcoming trading periods.

BTC-1,93%

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