Bitcoin May Drop Below $64K as Veteran Raises Campaign Selling Alarm

Bitcoin (BTC) price dropped by more than 22.5% in the past week to $69,000 on Thursday, wiping out 15 months of gains entirely. However, the downtrend may not be over, according to veteran trader Peter Brandt.

Key takeaways:

• Brandt says “campaign selling” is pressuring BTC, with miners and ETFs also cutting exposure.

• A potential bottom zone is near $54,600–$55,000.