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Legendary Trader Peter Brandt Unveils End-of-Year Downside Price Targets for S&P 500, Bitcoin and Ethereum

Legendary Trader Peter Brandt Unveils End-of-Year Downside Price Targets for S&P 500, Bitcoin and Ethereum

Daily HodlDaily Hodl2025/04/19 16:00
By:by Henry Kanapi

Veteran trader Peter Brandt believes that risk assets such as the S&P 500, Bitcoin ( BTC ) and Ethereum ( ETH ) will see much lower levels by the end of the year.

Starting with the US stock market, Brandt tells his 792,500 followers on the social media platform X that the S&P 500 looks bearish after breaching support at 5,800 and retesting the level as resistance.

Brandt predicts that the S&P 500 will close the year slightly below 4,500 points.

“The Red Dots are where I think we end the year in 2025.”

Legendary Trader Peter Brandt Unveils End-of-Year Downside Price Targets for S&P 500, Bitcoin and Ethereum image 0 Source: Peter Brandt/X

As of Friday’s close, the S&P 500 is trading at 5,282.

Looking at Bitcoin, Brandt sees BTC dropping to around the $50,000 price zone after violating a parabola that has kept Bitcoin bullish since 2023.

“Not my opinion, but it is what the chart suggests as possible.”

Legendary Trader Peter Brandt Unveils End-of-Year Downside Price Targets for S&P 500, Bitcoin and Ethereum image 1 Source: Peter Brandt/X

At time of writing, Bitcoin is trading for $85,280.

Turning to Ethereum, Brandt predicts that ETH will plummet to around $600 by the end of the year.

“ETHUSD”

Legendary Trader Peter Brandt Unveils End-of-Year Downside Price Targets for S&P 500, Bitcoin and Ethereum image 2 Source: Peter Brandt/X

At time of writing, ETH is worth $1,616.

As for gold, the trader thinks that the precious metal has more room to run to the upside this year. He shares a chart suggesting that gold has broken out of an ascending channel pattern and could hit prices close to $3,600.

An ascending channel indicates that an asset is in an uptrend as it prints higher highs and higher lows. A channel breakout suggests that an asset is in the midst of a strong bull market.

“Gold Finger, the market with the magic touch.”

Legendary Trader Peter Brandt Unveils End-of-Year Downside Price Targets for S&P 500, Bitcoin and Ethereum image 3 Source: Peter Brandt/X

Gold is worth $3,327 as of Friday’s close.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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