Bitcoin’s Meltdown: Is $113K Just the Beginning? 🚨💸

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Crypto traders are playing it safe today like it’s 1999 and the Y2K bug is coming for their wallets. Bitcoin dipped below $113,000 faster than a toddler on a Slip ‘N Slide, hitting $112,913 with a side of $112,075 for drama. Three days of losses? More like a crypto soap opera. 📉

Meanwhile, the Fed’s rate decision tonight is the main event. Spoiler alert: Everyone’s betting on a cut, but let’s see if Powell channels Mr. Rogers or a disgruntled raccoon in a press conference. 🦝

Bitcoin’s still up 3.92% this week because small mercies, but down 1.45% today. Classic BTC: can’t quit it, can’t wallet it. 🥲

Peter Brandt Weighs In (Because of Course He Does)

The OG trader tossed a bone to Bitcoin bulls on Twitter, asking them to “consider a chart pattern” (read: squiggles that look like my cat walked on a keyboard). He called it a “possibility” with the enthusiasm of a DMV employee approving your license renewal. 🎩🐍

“Nice chart. I accept this as a possibility”

– Peter Brandt (@PeterLBrandt) October 29, 2025

One X user replied, “What if the pattern fails? Could be a megaphone!” (Translation: “Maybe BTC rockets to the moon and buys a penthouse.”) Peter clapped back: “Nice chart. I accept this as a possibility.” Because nothing says conviction like a lukewarm shrug. 🤷♂️

Earlier this month, he compared Bitcoin to 1977 soybeans (no, not the edamame you order at sushi). Spoiler: Soybeans dropped 50%. So, uh… optimistic vibes here. 🌱

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2025-10-29 19:23