Renowned trader Peter Brandt sees similarities between Bitcoin’s recent decline and the beginning of the 2016 bull run. Brandt believes that this current dip in Bitcoin’s price could be a sign that the market is gearing up for another significant upward trend, similar to what happened in 2016. Brandt’s analysis suggests that despite the current drop in price, Bitcoin could be on the verge of a major rally in the near future. Investors are advised to keep a close eye on the market and be prepared for potential growth in the value of Bitcoin.