PANews reported on February 1st that Peter Brandt, a renowned trader and chart analyst who successfully predicted the 2018 Bitcoin crash, posted an article this morning suggesting that Bitcoin will fall to $58,000. The accompanying chart shows BTC near the lower edge of the logarithmic channel, indicating a continuation of the bear market.

Two days ago, Peter Brandt predicted that "Bitcoin will bottom out between August and October and then surge all the way up."