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Outstanding commodity dealer Brandt has issued a dire Bitcoin warning as the worth of the world’s largest and oldest cryptocurrency slumped to its lowest worth since early December amid fading hopes of a Santa rally.
Brandt famous that Bitcoin’s development parabola has damaged, probably resulting in a brutal correction to $25,000.
BTC’s Parabolic Arc Breaks
In a Dec.15 put up on X, Brandt identified that Bitcoin bull market cycles have adopted parabolic rallies. Particularly, the asset has traditionally witnessed a meteoric surge in 12-18 months post-halving and subsequently slid right into a bear market as soon as a significant parabola was violated, characterised by 70% to 80% correction from historic highs.
Notably, every bull cycle has witnessed diminishing returns. Living proof, following the primary halving in November 2012, BTC loved a 100-fold development to $1,240 by December 2013. The 2016 halving yielded a 74-fold rally, whereas the 2020 halving fetched an eight-fold soar.
The most recent post-halving cycle, which started after the fourth occasion in April 2024, noticed costs double to an all-time peak of $126,000 by October this 12 months. Since then, costs have lately retraced to only beneath $86,000, snapping the parabola curve that has marked monumental worth upsurges throughout every earlier cycle.
 
80% Drawdown Looming?
With BTC down round 20% from its October ATH, its present parabolic construction has already failed. If historical past repeats itself, an 80% decline for BTC would characterize a visit again to the $25,000 vary within the coming months.
“The present parabolic advance has been violated. 20% of ATH = $25,240,” Brandt wrote on X.
Bitcoin dropped 2.5% up to now 24 hours to commerce for $87,390 as of press time, based on CoinGecko information, extending a December downturn marked by weakening liquidity and rising warning throughout markets. General, the crypto market has shed 2.7% of its worth over the past 24 hours.
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