Peter Brandt has expressed concerns over Bitcoin’s weak demand, suggesting a possible price fall below 70,000 USD, which would represent an 18% drop from current levels. This bearish sentiment is heightened by market uncertainty and lack of activity from whale investors.

A daily chart indicates a rising wedge pattern for Bitcoin, indicating further price weakness. If Bitcoin breaks below 76,430 USD and 73,827 USD, it could approach 70,000 USD.

An impending options expiry worth over 16.5 billion USD may induce volatility in the market, as traders adjust their positions. Additionally, upcoming economic policies from Donald Trump may further influence market conditions.