Bitcoin Faces Potential Shakeout Before Next Rally, Warns Peter Brandt  

• According to Peter Brandt, an experienced trader Bitcoin may experience some sort of ranging or rapid decline before the next Bull run. 
• The BTC/USD price chart is strongly influenced by retail traders, which may slow the start of the next powerful trend. 
• BTC made a recent consolidation just above $94,639 which was a prerequisite to further bullish activities in an otherwise choppy market. 

Veteran trader Peter Brandt has stirred discussions in the crypto community with his latest analysis on Bitcoin’s potential trajectory. According to Brandt, Bitcoin could still dip for the last time or remain stagnant before another large-scale surge. He highlighted the importance of understanding how retail trader behavior could be the decisive factor for the cryptocurrency’s direction. 

In a recent tweet, Brandt said, “The big question for me is whether dump (s) persist or get one more dump (or more lengthy congestive chop) before getting to a pump. The slang term “congestive chop” is used to describe a period during which price oscillates in a rather tight range that is likely to be annoying to both directional traders. 

Bitcoin’s Recent Performance 

Bitcoin prices went up and down last week with increased fluctuations in its market. From a high of $102,735 on Tuesday, the benchmark cryptocurrency crashed down to $91,187 by Thu. However, Bitcoin recovered to $95062 on Friday and hovered at this price as we speak. 

Besides Brandt’s insights, prominent Bitcoin analyst Willy Woo has issued warnings about potential profit-taking in the coming months. Woo highlighted that the current cycle has seen significant profits from earlier purchases, leading to increased risk for new market participants. 

Woo advised a more cautious approach in light of the ongoing market dynamics. Despite the generally optimistic sentiment surrounding Bitcoin, the potential for further profit-taking could lead to short-term downward pressure. 

Broader Crypto Market Impact In any case, the broader digital currency market has displayed signs of a more tentative mood from investors by continuing to post relatively modest trading volumes. 

Yet, there are other analysts who think this current process of consolidation might be the preparation for the next super cycle for Bitcoin. As retail traders adjust their strategies, market observers remain focused on whether a further shakeout or extended sideways movement will precede a price surge.