Renowned trader Peter Brandt has offered his insights on the recent downturn in the cryptocurrency market, linking it to his extensive analysis of Bitcoin’s price patterns.
Brandt mentioned that he foresaw October 5 as a potential peak for Bitcoin’s surge, based on his distinct interpretation of market trends.
While he didn’t initiate a short position, he observed that this date closely matched his earlier forecasts for a possible high point.
Many have inquired about why I marked October 5 with a red frown face on my Banana Chart. Have you figured it out yet? This was the date I predicted long ago to be Bitcoin’s peak based on my unique understanding of cycles. Unfortunately, I did not go… pic.twitter.com/cNmdIGrM7E
— Peter Brandt (@PeterLBrandt) October 10, 2025
Brandt’s method focuses on Bitcoin’s four-year halving cycles, which decrease new Bitcoin production by half and often act as pivotal points between market highs and lows.
He previously proposed that a significant top might emerge approximately six weeks post-halving, aligning with patterns seen in prior cycles.
Market Turmoil
This week saw severe corrections in the crypto sector due to fresh U.S. tariffs and export limitations aimed at China. The U.S.’s announcement of an additional 100% tariff on Chinese imports and software export restrictions caused panic globally, with cryptocurrencies facing significant impacts.
Looks like Trump put 100% tariffs on crypto
— zerohedge (@zerohedge) October 10, 2025
The value of Bitcoin plummeted over 12%, falling below $113,000 after reaching an all-time high above $125,000 earlier this week.
Coinglass data reveals that more than $19 billion worth of leveraged positions were liquidated within just one day, affecting over1.6 million traders worldwide. Notably, over $7 billion were liquidated within just one hour Friday morning—a record-breaking wave of forced sales.
Coping With Market Reactions
Despite these shocks leading industry figures are calling for calmness Michael Saylor CEO MicroStrategy reiterated confidence BTC noting such volatility part its growth cycle
No tariffs BTC
Michael Saylor saylor
October
2025
Anthony Pompliano also shared contrary view tweeting
If bullish bitcoin stocks two days ago should even more bullish now None fundamentals changed last hours We simply got healthy reset wiped out excess leverage system Now cleared higher Anthony Pompliano APompliano 🌪
October
11 ,Crypto analyst Michaël van de Poppe went further suggesting altcoins may finally found their bottom.
This bottom #Altcoin & ; #Bitcoin.
The biggest liquidation crash history . COVID-19 previous cycle . current cycle . Michaël van de Poppe CryptoMichNL
BTC enthusiast Samson Mow emphasized Uptober is not done yet .
There still days left Uptober Samson Mow Excellion Meanwhile James E Thorne pointed out BTC price remained above underscoring asset structural strength Largest Liquidation event ever sitting Think about minute James E Thorne DrJStrategy