Veteran trader Peter Brandt has highlighted a historical pattern in Bitcoin's bull cycles, noting that each major cycle began after a drawdown of 75% or more. Brandt shared this analysis on Monday, emphasizing that there have been 'no exceptions' to this trend. He cautioned traders against dismissing this pattern without substantial evidence. Brandt also expressed skepticism about the recent Bitcoin rebound, suggesting it might be a 'dead cat bounce' and pointed to potential downside support levels. While some critics argue that the current cycle may not follow historical patterns as closely, Brandt's supporters cite his track record and historical data as validation for his bearish outlook.