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Trader Peter Brandt warns Bitcoin may never surpass its all-time high amid bearish chart pattern.

Technical Signals
15 Nov 2026, 08:36 WIB
UToday
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Bearish
Trader Peter Brandt warns Bitcoin may never surpass its all-time high amid bearish chart pattern.

Legendary trader Peter Brandt has warned that Bitcoin might never reach its previous all-time high due to a potential massive head-and-shoulders bearish pattern forming on the weekly chart. Bitcoin has lost nearly half its value since its record peak in October 2025, recently falling below key support levels around $60,000 to $65,000. The sell-off was driven by worsening macroeconomic conditions, including strong U.S. inflation data and expectations of Federal Reserve rate hikes. If the bearish pattern confirms, Bitcoin could enter a prolonged downtrend, marking a significant shift for the cryptocurrency market.

Bitcoin is currently trading at Rp1.176.174.905 on Pluang, down 4.30% in the last day. As of Nov 15, 2026 14:01 WIB, the platform shows a market cap of Rp23.591,25T and a 70% buy order activity, indicating continued interest despite recent price drops.

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