In a post that drew widespread attention this week, seasoned analyst Peter Brandt compared the current Bitcoin price chart to the soybean market of 1977. This is a historical setup that famously collapsed by more than 50%.
His warning has revived debate across crypto circles about whether Bitcoin’s long-term rally is slowing, even as institutional adoption and ETF inflows remain strong.
As veteran traders weigh cycles and patterns, one emerging payment platform, Remittix, is quietly gaining traction, bringing hope amidst fear of a BTC crash.
Peter Brandt’s 1977 Soybean Comparison
Peter Brandt, who accurately predicted the 2018 crypto bear market, noted that Bitcoin’s monthly structure resembles that of soybeans in 1977. The market had soared to record highs before halving in value within months.
This 50% drop followed a broadening top, also called a megaphone pattern. If BTC repeats this pattern, Strategy (MSTR), the largest Bitcoin accumulator, will go underwater, according to Brandt.
This analysis has sparked lively debate among on-chain observers. Tom Lee, in particular, had backed Brandt’s prediction, saying, “I’m sure there will be 50% drawdowns.” On the other hand, critics point out that, unlike the 1970s commodities market, Bitcoin now enjoys ETF support, institutional custody, and global liquidity. This gives it structural resilience.
One major pattern specialist, Francis Hunt, notes that the direction of the megaphone differs. He says the Soybean’s pattern was an Ascending megaphone, while Bitcoin’s is a Descending structure. Unlike Brandt, he believes BTC’s pattern is bullish.
Source: The Market Sniper on X
Brandt himself clarified that he remains a long-term bull. He’s simply highlighting that every strong asset endures corrective phases before new highs emerge.
Bullish Analysts See $116K on the Horizon
Balancing Brandt’s caution, other analysts have turned optimistic. Market strategist Kamran Asghar shares his bullish sentiment on X, noting that “BTC holding the support zone opens the path to retesting $116K.”
Source: Kamran Asghar on X
Chart analysts have also observed a triple lower-low pattern forming since April 2025. Crypto commentator BitBull said this structure “often precedes substantial upside.” He added that Bitcoin “could teleport to a new all-time high if the pattern holds.”
Broader Market Conditions
Data from CoinShares and CME indicate that while institutional activity remains high, inflows have slowed compared to the surges seen in early October.
CME reported record average daily open interest across crypto futures this quarter. This is a sign of continued participation rather than panic. However, sentiment indicators reflect caution. Bitcoin’s Fear & Greed Index sits near 31, edging toward fear territory after a month of exuberance.
That uncertainty is prompting many investors to rebalance into utility-driven tokens with measurable real-world demand.
A Safer Bet? Remittix’s Steady Utility Amid Bitcoin Volatility
As traders debate cyclical tops, projects delivering tangible use cases continue to attract capital. Remittix PayFi infrastructure enables users to send cryptocurrency that arrives as fiat in global bank accounts within 24 hours. This offers a tangible bridge between decentralized assets and traditional finance.
Remittix says it has raised $27.7 million in private funding, completed CertiK verification for its smart contracts, and confirmed upcoming listings on BitMart and LBank. Its ongoing $250,000 Gleam giveaway, along with more than 30,000 community participants, has fueled strong engagement.
Unlike volatile assets that react to sentiment cycles, Remittix’s growth model is grounded in the demand for fast and compliant payments. This is a theme gaining traction as markets become wary of overextended assets, such as Bitcoin.
The Bottom Line
Peter Brandt’s soybean analogy may not perfectly map to today’s market, but it serves as a timely reminder: even the strongest assets can retrace their gains. The Bitcoin price remains well above long-term support, yet risk management is back in focus.
For investors seeking steadier exposure to blockchain progress, Remittix provides a grounded alternative. It’s emphasizing financial accessibility, transparency, and real-world use cases rather than speculation.
Discover the future of PayFi with Remittix by checking out their project here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
$250,000 Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway
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