Brandt Calls $58K Next Stop for BTC
Analysis
Price Impact
HighVeteran trader peter brandt's explicit downside target of $58k, significantly below current levels (around $77k-$80k mentioned in the article), could induce fear and selling pressure, impacting market sentiment for bitcoin.
Trustworthiness
HighPeter brandt is a widely respected and seasoned proprietary trader; his analysis, particularly when based on long-term charts and established indicators like the 'bitcoin power law v2.0,' carries significant weight within the trading community.
Price Direction
BearishBrandt warns that the current correction is 'far from over' and identifies $58k as a downside target, aligning with a reversion to the mean within bitcoin's long-term logarithmic growth channel after a rejection near $98k.
Time Effect
LongThe analysis is based on a 'long-term monthly chart' and historical market cycles dating back to 2012, indicating a potentially prolonged period for this price movement or consolidation.
Original Article:
Article Content:
Cover image via U.Today Read U.TODAY on Google News The power law reversion The January rejection Advertisement Veteran proprietary trader Peter Brandt has warned Bitcoin bulls that the cryptocurrency’s current correction is far from over. Following the brutal Jan. 31 market flush that saw Bitcoin tumble to the $77,000 range, Brandt took to X (formerly Twitter) to identify his downside target: "58th Street." "The conductor will be coming through the train collecting tickets so make sure you are on the right train. Choo choo $BTC," he quipped. HOT Stories Leaked Email to Epstein Framed XRP Supporters as Enemy, Ex-Ripple CTO Says Ripple CTO Emeritus Breaks Silence on XRP and XLM in Epstein Files Crypto Market Review: Did XRP Downtrend End? Shiba Inu (SHIB) Taking a Beating, Bitcoin (BTC) Safe Above $80,000 U.Today Crypto Digest: XRP Millionaires Awaken, Shiba Inu Buyers Step In, Dogecoin Sees 10,782% Rise in Futures Volume The power law reversion Brandt accompanied his prediction with a long-term monthly chart of Bitcoin against the U.S. Dollar, utilizing a "Bitcoin Power Law V2.0" indicator. Advertisement The chart provides a high-level view of Bitcoin's market cycles dating back to 2012. The chart depicts Bitcoin trading within a massive logarithmic growth channel defined by three key zones: The current price action shows Bitcoin recently attempting to push into this zone near $98,000 before being sharply rejected. Advertisement You Might Also Like Fri, 01/30/2026 - 14:07 Bitcoin Price Drops Below $83,000 as Satoshi Nakamoto Loses $8 Billion in BTC Value By Gamza Khanzadaev Currently sitting around the $37,000–$62,000 range, this band has historically marked generational buying opportunities. A central trendline that acts as a "fair value" magnet for the price. The January rejection The monthly candle for January 2026 is particularly ominous. The chart data highlights a massive red candle with a high of $97,939 and a low of $75,555. This "wick" at the top indicates heavy selling pressure as Bitcoin failed to sustain momentum near the $100k psychological barrier. Brandt’s $58,000 target appears to align with a reversion to the mean. On the chart, a pullback to the middle of the channel would bring Bitcoin back down toward the $58k–$60k region. #Bitcoin Price Prediction #Peter Brandt