Veteran Analyst Peter Brandt Stresses 75% Drawdowns as Historical Pattern for Bitcoin Bull Cycles

In accordance with Bitcoin.com, veteran trader Peter Brandt shared a chart on Monday analyzing Bitcoin’s five major bull cycles, emphasizing that each began only after 75% or greater drawdowns. Brandt reiterated that there are 'no exceptions' to this pattern and warned traders against betting against it without strong justification. He also questioned the recent rebound, referencing the 'dead cat bounce' trend and highlighting potential downside support levels. Critics, however, argue that the current cycle is shallower and that Brandt may be overextending historical models. Brandt’s defenders, on the other hand, maintain that his track record and the historical data support his bearish stance.