Peter Brandt didn’t just identify the pattern: He compared it to the soybean chart from 1977<\/strong>, a reference that every commodity trader<\/strong> knows well. That year, soybeans displayed a technical configuration similar<\/strong> to Bitcoin before spectacularly collapsing. The comparison is particularly impactful because Brandt was active in the markets during that period and experienced this crash firsthand.<\/strong><\/p>\n\n\n\n The broadening formation that developed in soybeans took shape over several months before the final breakdown<\/strong>. Prices oscillated violently between increasingly higher highs<\/strong> and increasingly lower lows<\/strong>, creating a zone of maximum uncertainty<\/strong>. When the breakdown occurred, it was brutal and irreversible. Sellers took complete control of the market within a matter of weeks.<\/p>\n\n\n\n If Bitcoin<\/a> follows a comparable scenario, the cryptocurrency<\/a> could lose up to 50% of its value<\/strong> in the coming months. From its recent peaks above \u20ac60,000<\/strong>, such a decline would bring BTC back to around \u20ac30,000<\/strong>. This level corresponds to major support zones established during previous consolidations<\/strong>. This area also aligns with the average production costs for miners<\/strong>, a fundamental parameter that often acts as a psychological floor.<\/p>\n\n\n\n