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Peter Brandt Believes Further Bitcoin Decline to $49,000 Remain Possible

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Peter Brandt Believes Further Bitcoin Decline to $49,000 Remain Possible

Market veteran Peter Brandt believes further Bitcoin declines remain possible amid a bear flag formation on the weekly chart. Bitcoin has remained in a downtrend since its $126,000 peak in October 2025, with the price now hovering around $66,000 after losing 42% during the downtrend and 47% from its all-time high.

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