Veteran dealer Peter Brandt has highlighted a promote sign for BTC that might spark a Bitcoin crash to $60,000. This comes because the main crypto faces renewed draw back stress amid uncertainty over peace talks between the U.S. and Iran.
Brandt Points To Sell Signal That Could Spark Bitcoin Crash To $60,000
In an X post, the veteran dealer acknowledged that Bitcoin was establishing for a rising wedge promote sign. His accompanying chart highlighted $60,000 as one of many ranges that the main crypto may drop to on this leg down. The final time BTC dropped to this stage was on February 6 and has since staged a restoration to as excessive as $76,000 regardless of the Iran struggle.
Bitcoin establishing for a rising wedge promote sign $BTC pic.twitter.com/NTzz30azWy
— Peter Brandt (@PeterLBrandt) March 26, 2026
In one other X submit, Brandt doubled down on his bearish outlook for BTC, once more hinting at a large Bitcoin crash. He famous that BTC obeys the foundations of classical charting higher than most markets, suggesting that this bearish setup may simply play out. He marked $49,000 on the chart, signaling that BTC may drop to that stage, doubtlessly marking the underside for the main crypto.
It is price noting that the veteran dealer had beforehand predicted that Bitcoin would drop under $50,000 because the bear market drags on. Meanwhile, his newest evaluation comes as BTC faces draw back stress due to the Iran struggle and uncertainty over peace talks.
The Bitcoin value has dropped under $66,000 immediately, down over 4% on the day. Notably, Trump’s decision to delay strikes against Iran hasn’t been sufficient to calm the markets, main to this newest Bitcoin crash.
Conflicting statements from either side are additionally fueling the uncertainty, with Iran declaring immediately that the Strait of Hormuz stays closed, only a day after Trump stated that Iran allowed 10 oil tankers to move by means of the strait as a present of goodwill.
BTC At A Crucial Support Level
Market analyst Ted Pillows famous that the BTC price is at present sitting at a vital help stage between $66,000 and $67,000. He warned {that a} drop under this zone may lead to a Bitcoin crash to new lows. On the opposite hand, if the main crypto reclaims the $70,000 stage, then one other short-term rally may occur.
$BTC virtually tapped the $68,000 stage immediately.
Now, the subsequent essential help stage for Bitcoin is $66,000-$67,000.
Losing this zone will push BTC to new lows.
Although, if BTC reclaims the $70,000 stage, one other short-term rally may occur. pic.twitter.com/HO7DQuTRdp
— Ted (@TedPillows) March 27, 2026
The analyst additionally famous that in one other X submit that BTC has misplaced its value and RSI uptrend, which he stated is a “major sign of weakness.” Ted Pillows additionally talked about that Bitcoin has but to enter the bottoming zone, however that after it drops in direction of the $50,000 stage, a backside formation will occur.
Meanwhile, Pillows pointed to the rising 10-year bond yield, which has climbed to an 8-month excessive, which he famous is bearish for crypto. Other macro components, akin to rising oil costs and price hike expectations, are additionally contributing to the Bitcoin crash.
