Peter Brandt Mocks ‘Dead Cat Bounce’ as Bitcoin Dumps to $86,000

In Brief

• Peter Brandt has called Bitcoin’s recent recovery as a “dead cat bounce,” as the market crashed.
• He has also criticized both Bitcoin holders and prominent figures like Michael Saylor.
• Brandt’s analysis implies Bitcoin could drop below $70,000, suggesting continuation of bearish trend.

Shedrach Kongvong 2025-12-01

Following bitcoin’s correction to $86,000, veteran trader Peter Brandt has mocked the initial recovery, saying the dead cat bounce is over. While this may sound like a harmless joke, Brandt’s stance has been a bit worrying recently.

He quoted an older X post in which he predicted that the Bitcoin recovery was a dead cat bounce last week, implying that this correction marked the end of the “bounce”. However, his “negativity” toward the asset doesn’t end there.

Dead cat bounce over???? https://t.co/WnUcadQCle

— Peter Brandt (@PeterLBrandt) December 1, 2025

Peter Brandt Calls for Bitcoin Crash

The prediction of Bitcoin’s correction by Brandt seems harmless and from many years of experience (he’s a veteran trader after all), but a closer look would reveal a pinch of pleasure in it, which isn’t much of a surprise – he recently called for the U.S. government to crash Bitcoin so Michael Taylor’s Strategy could become bankrupt.

He has also alleged that Strategy was built on debt and crashing Bitcoin to $30,000 would cause the company to liquidate. While there’s no obvious friction between him and Saylor, he has been quite critical of the Bitcoin billionaire of late, just like Peter Schiff who has challenged him to a debate.

MSTR’s entire business model is a fraud. Saylor and I will both be speaking at Binance Blockchain Week in Dubai in early December. I challenge @saylor to debate this proposition with me. Regardless of what happens to Bitcoin, I believe $MSTR will eventually go bankrupt. Let’s go!

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— Peter Schiff (@PeterSchiff) November 16, 2025

This isn’t all though. Earlier this year, he slammed Bitcoin Hodlers for getting overly excited, saying it’s just an asset. While Brandt isn’t entirely anti-Bitcoin like Schiff, his recent disposition may suggest that he isn’t advocating for its growth either, which may be quite disappointing to some of his loyal followers who are Bitcoiners.

Is Peter Brandt Right About $70,000?

Apart from highlighting the dead cat bounce which he predicted, Brandt has also shared an analysis that suggests Bitcoin may be heading lower than it currently is. He implied that the coin could drop below $70,000 with a lower support at around $40,000.

Not to bust anyone's banana, but the upper boundary of the lower green zone starts at sub $70s with lower boundary support in the mid $40s.
How soon before Saylor's Shipmates ask about the life-boats? $BTC pic.twitter.com/YLfjSDdw9H

— Peter Brandt (@PeterLBrandt) December 1, 2025

Although he can be a bit of a tease sometimes, Brandt has proven to know his onions when it comes to charts. If he turns out to be right about this potential crash below $70,000, it means the current crypto bearish trend is far from over.