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Bitcoin’s recent rally to $109,192 has sparked warnings of a potential 75% crash, according to veteran trader Peter Brandt. Technical indicators and historical parallels suggest a steep correction may be imminent, putting traders on high alert.
- Peter Brandt predicts Bitcoin could crash 75% to $27,290, mirroring 2022's bear market pattern.
- Critical technical indicators, including EMA crossovers, signal potential for a major downturn.
- Derivatives markets show increased bearish bets, with shorts dominating longs on Binance and OKX.
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