Veteran trader Peter Brandt has presented a new Bitcoin (BTC) chart analysis, delivering a straightforward message that may disappoint bulls. His weekly setup clearly illustrates a five-leg climb, a broken curve, and two distinct landing zones situated significantly below Bitcoin's current price. These zones are identified near $81,852 for the first level and a deeper correction around $59,403 per BTC.

Brandt, boasting 50 years of market experience, does not interpret these targets as signs of panic but rather as a natural and necessary cleanup after an extended market rally. He attributes this overextension to traders prematurely pricing in an endless policy pivot. From a broader perspective, the current market dynamic in late 2025 mirrors that of late 2021, albeit in reverse. While prices are currently trending downwards, major indexes like the S&P 500 maintain a relatively stable performance. Four years ago, the market braced for quantitative tightening; now, the prevalent narrative is one of easing monetary policy.

A core issue is that a multitude of assets already trade under the assumption that interest rates will drop rapidly. The cryptocurrency market has largely adopted this same logic, potentially overlooking the possibility that future rate cuts may already be factored into current price levels. This introduces a significant 'Fed risk' for Bitcoin moving forward.

Should the Federal Reserve's upcoming meeting prove to be more conservative or