In a recent post, Peter Brandt highlighted two similar price structures of Bitcoin that may indicate a potential correction.
Comparison of Price Structures
Brandt presented a chart where the left box captures the distribution pattern around Bitcoin's all-time high in late 2021, and the right box outlines the current consolidation in the range of $105K to $110K. Both show price stalling near record levels after sharp rallies, forming sideways ranges that might suggest trend exhaustion.
Reasons for Caution
Brandt's comparison is not casual. The 2021 top led to a prolonged bear market and a drawdown of over 70%. His visual echo of the past implies caution: if the current range breaks down, Bitcoin could once again face a deep correction.
Overall Market Situation
Bitcoin is currently trading just below $105K, struggling to break through the $108K resistance zone. Weekly candles have shown indecision and large wicks, reinforcing uncertainty. Open interest and on-chain flows remain stable, but macro and sentiment risks are building.
Brandt's chart doesn't confirm a crash but serves as a warning that current conditions resemble a critical moment in Bitcoin's history. If this pattern repeats, the coming weeks could define the next macro move—whether it's consolidation, breakout, or breakdown.
