Legendary trader peter brandt's 'dead cat bounce' analysis suggests a significant bearish continuation for bitcoin, indicating that the recent rebound is merely a temporary correction before further downside. this view, combined with recent thin liquidity, widening bid-ask spreads, and negative etf flows, creates a high-impact scenario for potential price depreciation if the $92,000 resistance is not broken.
Peter brandt is a highly respected and experienced commodity trader with a long track record of accurate market predictions. while technical analysis is always interpretive, his insights carry significant weight within the trading community, and the market data cited (etf flows, liquidity) supports a cautious outlook.
Brandt's 'dead cat bounce' theory implies that the recent bounce from $80,000s to the current $88,000-$92,000 range is corrective within a larger downtrend. the inability to reclaim key levels, lack of aggressive dip-buying, and sustained corrective structure, coupled with negative etf outflows, point towards a likely continuation of the bearish path unless btc decisively closes above $92,000.
The analysis focuses on the immediate price action around the $88,000-$92,000 range and the critical $92,000 resistance. the implications for further downside or a potential bullish reversal are contingent on bitcoin's performance in the very near future, specifically breaking or failing to break this short-term ceiling.
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News With a new week opening, veteran commodity trader Peter Brandt gave Bitcoin a hard look , sharing a chart with a hand-drawn "dead cat" figure. The setup sees Bitcoin's two-week drop from above $120,000 to the low $80,000s as a full five-wave correction, with nothing more than a basic rebound on the other side. Advertisement The chart shows the same zone that traders have been stuck in for days: around $88,000 to $92,000. According to Brandt, this range is the only one that matters right now. The way it is set up looks more like a reaction to the situation than a proactive approach. Meow??? How high can the cat bounce? pic.twitter.com/oOrvncOLlH — Peter Brandt (@PeterLBrandt) November 25, 2025 Market data backs this up. Last week, liquidity became thin on the major markets. The bid-ask spread widened. Order books lost depth. Bitcoin ETF flows have been all over the place lately. BlackRock's IBIT had a bunch of net-outflow sessions, and smaller products had some mixed results. The inflow pattern observed earlier in the quarter has disappeared. Advertisement "Dead cat" or bear trap? The breakdown also showed more than $1.2 billion in long positions, leaving positioning lighter but not stronger. There has not been any aggressive dip-buying, and Bitcoin has not been able to reclaim any of the key levels that would signal real demand. The structure still shows a corrective path, not a bullish reset. HOT Stories Portnoy Teases XRP Bears: 'Imagine Not Buying the Dip?' Crypto Market Prediction: $1,400,000,000 Bitcoin (BTC) Carnage Over, Ethereum (ETH) Crash Might Not Stop, Shiba Inu (SHIB) Market Collapse Ending Famous Short Seller Mocks Saylor for Not Buying Bitcoin Dip Ripple Doesn’t Have to Sell XRP, ‘Rich Dad, Poor Dad’ Author Urges Buying Bitcoin, 5.8 Billion SHIB Shorts Wiped Out — Crypto News Digest You Might Also Like Tue, 11/25/2025 - 00:01 Crypto Market Prediction: $1,400,000,000 Bitcoin (BTC) Carnage Over, Ethereum (ETH) Crash Might Not Stop, Shiba Inu (SHIB) Market Collapse Ending By Arman Shirinyan If Bitcoin can manage to close above $92,000 , it will show that the dead-cat-bounce theory is wrong and that people are feeling good about the market again. If BTC cannot break through that ceiling, the downside structure will stay in control. #Bitcoin #Bitcoin News #Peter Brandt