Veteran Trader Views Recent Bitcoin Price Drop as Pivotal Moment Before Major Move

Veteran trader Peter Brandt sees recent Bitcoin price drop as a potential "end run" - a pivotal moment before a significant price move.

Brandt points to a symmetrical triangle pattern on Bitcoin's price chart, often signaling consolidation before a breakout up or down.

Brandt maintains his long-term bullish stance on Bitcoin reaching $200,000 by 2025 despite short-term uncertainty.

The price drop has exposed the tension in crypto markets between fear of volatility and seeing opportunity in lower prices.

Some investors see the dip as a chance to buy Bitcoin cheaper in anticipation of a bullish breakout, while others remain wary of further declines.