📉 Bitcoin is back in the spotlight! Veteran trader Peter Brandt noted that BTC's current decline after the April halving is reminiscent of the market's movements before the 2016 bull rally.

- BTC's drop below $50,000 is 26% from the post-halving price of $64,962.

- Analysts warn of possible further declines.

- However, BTC has already started to recover, reaching $56,000.

Source: Peter Brandt, Benjamin Cone