A giant bitcoin rally is coming as part of the supercycle

Legendary trader Peter Brandt named the worst-case scenario for . Bitcoin's fall to $21,000 would be "the worst he could imagine," veteran trader Peter Brandt said. He urged his followers to invest only money they can afford to lose.

The trader noted that he still keeps buying the first cryptocurrency, despite the recent collapse of BTC. During the decline, he reduced his investments in 70%, so he is interested in "resetting them," writes block-chain24.

Peter Brandt with 40 years of trading experience is an absolute legend in the cryptocurrency community. A little earlier he asked the "historians" of the first cryptocurrency to name at least one precedent in the last decade when BTC renewed its price high after falling by more than 50%.

Brandt also offered to name another case where such a correction did not result in a 70% decrease in bitcoin for seven months.

Meanwhile, bitcoin bull and head of marketing at cryptocurrency exchange Kraken Dan Held believes that the first cryptocurrency is entering a period that he called "the most favorable zone" of a possible supercycle, writes news.crypto.pro.

Held coined the term "supercycle," which describes a sharp parabolic rally in bitcoin caused by various catalysts, including the emergence of institutional money.

In his view, bitcoin buying by institutions could be an important sign of the beginning of a supercycle and a giant rally looms on the horizon. In the next 4-8 months, BTC will enter the most favorable zone, which can take the asset to radically new levels.

Ark Invest conducted an analysis according to which investing 10% of treasury reserves of public U.S. companies in BTC would lift the asset to $400,000.