Following recent market fluctuations, cryptocurrency analysts predict that the current volatility is temporary and that Bitcoin will enter an uptrend again in the coming weeks.
Bitcoin could experience one last drop before hitting new all-time highs: Peter Brandt
Seasoned investor Peter Brandt said Bitcoin could retest the all-time high (ATH) of $125,100 in the near term, but there could be a significant correction wave in the process.
“Within a week, we could see a major cull followed by a new ATH or a collapse of the parabolic structure leading to a decline of up to 75%,” Brandt said.
Brandt said the 80% declines seen in the past would not be repeated, but prices could fall to the $50,000 to $60,000 range.
More than $19 billion was liquidated in the cryptocurrency market after US President Donald Trump announced 100% tariffs on Chinese goods on Friday. Bitcoin price fell from $121,000 to $102,000.
Charles Edwards, founder of Capriol Investments, said the spike was a warning against leveraged trading. “Leverage above 1.5x is also risky,” he said.
“You always have to consider long-term risks,” he says. Edwards added that the outlook for the coming weeks is “bullish.”
BitMEX co-founder Arthur Hayes wrote on his X account after Federal Reserve Chairman Jerome Powell announced the end of quantitative tightening: “Get back on track and buy everything.”
According to Hayes, a period of quantitative easing creates a positive environment for the crypto market as cheap credit and increased liquidity support investment flows.
Pav Hundal, principal analyst at Swyftx, also said that economic indicators are sending positive signals for Bitcoin: “Given the drop in oil prices and the weakening labor market, it seems inevitable that the Fed will cut interest rates this month. This could be a golden period for Bitcoin.”
“I think the next quarter will be quite favorable for Bitcoin,” macroeconomist Lynn Alden said in a recent statement.
Experts say that despite the possibility of a short-term correction, Bitcoin could reach a new record by the end of the year.
*This is not investment advice.
