Peter Brandt says Bitcoin may slide 33–37% from $92,400 to $58k–$62k

On January 20, 2026, veteran trader Peter Brandt said on X that Bitcoin's rising wedge points to a 33–37% decline, targeting $58,000–$62,000 from around $92,400. Other analysts warned of a 2022-style bull trap, while Ted Pillows argued improving US liquidity could support a crypto rally. Lookonchain noted notable whale movements.