Veteran trader Peter Brandt has issued a warning that Bitcoin's current price chart is beginning to resemble the 1970s soybean market, which experienced a significant 50% price drop following a peak due to global oversupply. Brandt highlighted that Bitcoin is forming a rare expanding top pattern, typically associated with market tops, suggesting potential risks for Bitcoin and MicroStrategy, led by Michael Saylor. Despite Brandt's caution, many analysts remain optimistic about Bitcoin's future, with some forecasting a potential rise to $250,000. Historically, Bitcoin has performed well in the fourth quarter, averaging a 78.49% return. However, current market sentiment is cautious, as indicated by the crypto fear and greed index showing 'extreme fear'.