Peter Brandt Warns Bitcoin Could Drop to $60,000, MSTR Stock at Risk

Highlights:

• Trader Peter Brandt says Bitcoin chart looks like 1977 soybean crash.
• He warns that a Bitcoin drop could hurt Strategy’s stock badly.
• Brandt predicts Bitcoin could surge to $250K or drop sharply toward $60K.

Veteran trader Peter Brandt has warned that Bitcoin (BTC) could face a similar situation to the 1977 soybean crash. He believes that if the same price pattern repeats, Strategy’s (MSTR) stock might go underwater. His statement has drawn attention across the crypto market, especially among Bitcoin holders.

Brandt Highlights Bitcoin Risks and Recent Market Strength

In his recent post on X, Brandt explained that soybeans in 1977 formed a broadening top before dropping nearly 50%. He pointed out that Bitcoin is now showing a similar chart structure. He also mentioned how risky aggressive trading can be, saying, “Anyone who bets 5% of their pot per trade will self-destruct. It’s just a question of time.” His post reminds traders not to over-leverage in uncertain markets.

In 1977 Soybeans formed a broadening top and then declined 50% in value
Bitcoin today is forming a similar pattern. A 50% decline in $BTC will put $MSTR underwater
Whether I am right or wrong, you have to admit this old guy has the gonads to make big calls pic.twitter.com/f7Qi4J8WpN

— Peter Brandt (@PeterLBrandt) October 21, 2025

Brandt’s analysis sparked different opinions among market observers. TheMarketSniper, another well-known analyst, said that although Bitcoin’s chart may look like the old soybean setup, it might not lead to the same results. In reply, Brandt showed humility by responding, “I’ll be first to admit you could be right. If BTC goes up, I want to be long; if it goes down, I want to be short.” This short response showed how the trader now keeps a balanced stance on Bitcoin’s future. 

I'll be first to admit you could be right. I am willing to go with it in either direction. If BTC goes up I want to be long, if it goes down I want to be short https://t.co/4jie40ZqX4

— Peter Brandt (@PeterLBrandt) October 22, 2025

Just weeks ago, Brandt’s tone was much more positive. He had said that Bitcoin, Ethereum, XRP, and Stellar (XLM) were all still in a strong bull phase. He even shared a chart showing Bitcoin’s larger upward pattern staying intact. That view gave traders hope that the market would continue rising into the next cycle.

BTC’s Q4 Gains Could Face Big Risk

According to CoinGlass data, Bitcoin’s fourth quarter is often its best-performing period. It has shown an average return of 78.49% over the past years. October also remains one of the strongest months for Bitcoin. Many traders were already expecting the price to climb again this season, supported by historical data.

Despite these positive patterns, Brandt’s comparison with the 1977 soybean crash has made investors cautious. He said that Bitcoin could either reach $250,000 or fall back to near $60,000. This wide range of possible outcomes shows how uncertain the current market structure still is. 

I am a Bayesian
I deal in possibilities, not probabilities and certainly not certainties
At any given time I have binary TA and macro narratives playing in my head – $250k Bitcoin or $60k Bitcoin
I consider all possibilities and look for asymmetrical bets in either direction

— Peter Brandt (@PeterLBrandt) October 22, 2025

Strategy’s stock slipped 4% to $287.61, while Bitcoin dropped 1.96% to $107,798 in the last 24 hours. The company remains active in accumulating Bitcoin despite recent market swings. Last week, Strategy purchased 168 BTC for roughly $18.8 million. The coins were bought at an average price of $112,051 each, following the market drop caused by the Black Friday crypto sell-off on October 10th.

The acquisition was completed between October 13th and 14th. With this addition, Strategy’s total Bitcoin holdings now reach 640,418 BTC. The company’s average cost across all purchases stands at $74,010 per BTC, reflecting its long-term accumulation strategy.