Bitcoin (BTC) remains under selling pressure after losing key technical support. Veteran trader Peter Brandt has warned that the current structure still points lower. His focus is on the $58,000\u2013$62,000 range, which he considers the next major area to watch following the recent breakdown.<\/p>\n
Peter Brandt wrote that \u201c58k to $62k is where I think it is going<\/em>,\u201d keeping his bearish view on Bitcoin. He shared a chart showing a broadening top pattern, also known as a megaphone setup. The pattern formed with wider swings before the price slipped through the lower support line.<\/p>\n After that breakdown, Bitcoin bounced and climbed back toward $102,200. However, the move failed to regain lost support and reversed lower, fitting the definition of a bearish retest. Brandt\u2019s downside zone also sits close to $58,840, which matches the $58,000\u2013$62,000 range he referenced.<\/p>\n 58k to $62k is where I think it is going $BTC<\/a> \u2014 Peter Brandt (@PeterLBrandt) January 19, 2026<\/a><\/p>\n\n Bitcoin peaked near $126,000 in early October 2025 before reversing lower. The drop confirmed a completed top structure and pushed BTC down into the November low. It later stabilized and moved into a rising channel, but the rebound has not cleared key ceilings.<\/p>\n Notably, two resistance levels remain in focus at $98,950 and $102,200. Bitcoin has struggled to close above both zones. As long as the asset stays below them, buyers face a tough recovery path.<\/p>\n Meanwhile, the ADX (14) sits near 33, which points to a strong trend environment. With Bitcoin still trading below key moving averages, the reading supports the idea that sellers still control the broader move.<\/p>\n Bitcoin trades near $91,000 at press time, down about 2% over 24 hours and 1% in the last seven days. Trading volume stands above $38 billion. Renewed geopolitical tensions and tariff rhetoric from US President Donald Trump have added<\/a> pressure to risk assets, including Bitcoin.<\/p>\n Short-term traders are also monitoring CME price gaps forming around $93,000. Analyst CW said<\/a> \u201ca new CME gap has formed around $93,000,\u201d adding that BTC may \u201cfirst fill the CME gap around $88.2k, and then the CME gap at $93k.\u201d That outlook points to a dip-and-rebound scenario if buyers defend the lower zone.<\/p>\n On-chain data adds another layer of concern. CryptoQuant head of research Julio Moreno said Bitcoin holders are now realizing losses, with the 30-day Realized Net Profit\/Loss turning negative for the first time since October 2023.<\/p>\n Bitcoin holders realizing losses, for a 30-day period since, late December for the first time since October 2023. pic.twitter.com\/OGsPYm8714<\/a><\/p>\n \u2014 Julio Moreno (@jjcmoreno) January 20, 2026<\/a><\/p>\n\n Another CryptoQuant analyst, MorenoDV_, also pointed<\/a> to a possible shift in sentiment based on the Fear & Greed Index trend. The analyst said the 30-day average has crossed above the 90-day average for the first time since May 2025, describing it as a setup where \u201cshort-term sentiment is improving faster than the broader baseline.\u201d<\/p>\n Even so, the analyst warned that the signal works best as confirmation and not a trigger. If the short-term average fails to hold above the long-term line, it may suggest \u201coptimism lacked depth and conviction\u201d during a fragile market phase.<\/p>\n The post Peter Brandt Warns Bitcoin Could Drop to $58K\u2013$62K Next<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Bitcoin (BTC) remains under selling pressure after losing key technical support. Veteran trader Peter Brandt has warned that the current structure still points lower. His focus is on the $58,000\u2013$62,000 range, which he considers the next major area to watch following the recent breakdown. Peter Brandt Targets $58K\u2013$62K Peter Brandt wrote that \u201c58k to $62k […]<\/p>\n","protected":false},"author":0,"featured_media":128596,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-128595","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/128595"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=128595"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/128595\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/128596"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=128595"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=128595"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=128595"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nIf it does not go there I will NOT be ashamed, so I do not need to see you trolls screen shot this in the future
\nI am wrong 50% of the time. It does not bother me to be wrong pic.twitter.com\/NDOuSrqLwa<\/a><\/p>\nCME Gaps and On-Chain Loss Signals<\/h2>\n