BTC Bitcoin price chart looks exactly like the soybean bubble of the 1970s: Peter Brandt

Nakamoto 2025-10-24 11:51 96034人围观 BTC

Bitcoin price chart looks like the soybean bubble of the 1970s: Peter Brandt Senior trader Peter Brandt The warning is that Bitcoin’s price chart is starting to show similarities to the soybean market about 50 years ago, when soy prices peaked and then p

Bitcoin’s price chart looks exactly like the soybean bubble of the 1970s: Peter Brandt

Veteran trader Peter Brandt warns that Bitcoin’s price chart is starting to show similarities to the soybean market some 50 years ago, when prices peaked and then plummeted 50% as global supply began to exceed demand.

However, other Bitcoin analysts believe the chart points to further gains for Bitcoin in the future.

“Bitcoin is forming a rare extending top on the charts. This pattern is known for its tops,” Brandt told Cointelegraph.

"In the 1970s, soybean prices made this top and then fell 50%," Brandt said. ”

Bitcoin has fallen 5.32% in the past 30 days. Source: CoinMarketCap

Brandt warned that if history repeats itself, it will not only affect Bitcoin, but also put Michael Saylor’s company Strategy into trouble.

Strategy (MSTR) Stocks Bitcoin prices have fallen 10.13% over the past 30 days as corporate Bitcoin Treasuries have come under intense pressure from a sharp decline in net asset value (NAV).

Bitcoin’s “final push” may not come, says Peter Brandt

Brandt further warned that the Bitcoin pump the cryptocurrency community has been waiting for may never materialize, and instead, Bitcoin could fall to bear market levels of $60,000.

Peter Brandt cited the soybean price chart from 1977 and pointed out the similarities with Bitcoin’s current price chart. Source: Peter Brandt

However, according to industry insiders such as BitMEX co-founder Arthur Hayes, most analysts believe that Bitcoin still has one major rally in this cycle, a move that could push the price of Bitcoin to $250,000.

According to data from CoinGlass, the fourth quarter was the strongest quarter in Bitcoin history, with an average return of 78.49%.

October is also considered a strong month for Bitcoin.

The fourth quarter was the best quarter in cryptocurrency history. Source: CoinGlass

However, sentiment has entered a downward trend and analysts have become more cautious after U.S. President Donald Trump's latest tariff scare triggered a broad decline in markets after hitting record highs.

Cryptocurrency Sentiment Falls to 'Extreme Fear'”

In what was supposed to be a bullish month for cryptocurrencies, the Crypto Fear & Greed Index posted an “extreme fear” score of 25 in Wednesday’s update.

Trading account AlphaBTC on

However, not all analysts are so pessimistic.

21Shares cryptocurrency investment expert David Hernandez said that if the U.S. Consumer Price Index (CPI) shows any signs of easing or “the perfect deflationary narrative continues,” Bitcoin’s “window of opportunity” could quickly open again, bringing potential price gains, adding:

“Bitcoin has coiled up and is ready to bounce higher. ”

Meanwhile, MN Trading Capital founder Michaël van de Poppe noted that gold’s recent 5.5% drop from its highs suggests that a “rotation” into Bitcoin and altcoins may be beginning.

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