Even if the decline deepens to 40 thousand dollars, there will be a comeback

Brandt stated that if the support level at $65,000 is broken, Bitcoin's current price movements may first fall below $65,000, drop to $60,000, and even drop to $48,000. However, he emphasized that a strong recovery could occur after this decline.

On the other hand, he expressed that he expects a strong rise if this level is held, implying that there may be a sharp move towards a new peak.

Experienced investors understand these cyclical movements and that such price fluctuations are important for the bull market to remain healthy, Brandt said.

According to CoinGecko data, Bitcoin, which has increased by 0.2% in the last 24 hours, is traded at $ 67,000 at the time of writing.