Peter Brandt Predicts Declines for Stocks and Cryptos, Gold to Surge by Year-End
Experienced trader Peter Brandt has forecasted significant declines for the S&P 500 and major cryptocurrencies like Bitcoin and Ethereum by the end of 2025, while predicting a surge in gold prices. The S&P 500 may fall below 4,500 points, and Bitcoin could drop to around $50,000 as it loses bullish momentum. Ethereum is anticipated to decline to approximately $600. Brandt’s analysis suggests these downturns are driven by technical indicators and current support resistance levels. Meanwhile, gold is expected to perform well, potentially reaching $3,600. Traders should focus on these predictions to adjust their strategies amid volatile markets and market corrections.
Bearish
Peter Brandt’s predictions indicate significant declines in the S&P 500, Bitcoin, and Ethereum, suggesting a bearish outlook for major assets. The anticipated breaches of crucial support levels and loss of bullish momentum for these cryptocurrencies signal potential long-term downtrends. Historically, such predictions can lead to increased market volatility as traders might reassess their positions and strategies, potentially causing sell-offs. The rise in gold prices suggests a shift towards safe-haven assets, which is common when market uncertainty increases.