Veteran trader Peter Brandt addressed increasing speculation about a potential breakdown in Bitcoin, stating that the cryptocurrency currently shows no signs of structural failure.
Brandt's Position on Bitcoin
In a post shared on July 13, Brandt said that while BTC seems to be nearing a critical stage, it does not exhibit signs of structural breakdown. "If the entire price history of Bitcoin was a fruit, what fruit would you say it was?" he posted on Twitter.
Long-Term Projections and Models
He believes that Bitcoin may be approaching the upper bounds of its long-term price trajectory. Although there may still be room for growth, he indicated that further upward movements will likely require additional capital and may depend on broader shifts in global markets. Instead of warning of an impending crash, Brandt suggests that Bitcoin is entering a slower phase of its cycle.
Rising Costs and Slower Returns
Some investors argue that Bitcoin is becoming harder to accumulate at scale. As institutional buyers and treasuries commit larger sums, they are receiving less BTC in return. This rising cost has led some to doubt whether sharp price movements are still realistic. Brandt's view does not rule this out. He points out that without significant macroeconomic changes, the next breakout could be more challenging to sustain.
Thus, Brandt emphasizes that while Bitcoin's trend remains intact, slowing growth and rising costs may become significant factors in the future.
