According to veteran trader Peter Brandt, Bitcoin may reclaim its historical high of $125,100 within the next week, but it will experience a significant pullback before that.
"Either it's a massive shakeout, which will be confirmed by a rapid new all-time high in about a week," he said, although he acknowledged that a more bearish outcome could also occur.
The cryptocurrency market plummeted on Friday after U.S. President Donald Trump announced a 100% tariff on Chinese goods, leading to over $19 billion in liquidations across the market.
According to CoinMarketCap data, Bitcoin dropped from around $121,000 to a low of $102,000 on Friday, but had rebounded to about $112,400 as of the time of writing.
"If anything, this weekend reminds us to be very careful with leverage; even 1.5 times is dangerous," Charles Edwards, founder of Capriole Investments, told Cointelegraph.
"They really do, you need to always consider long-term risks over the years," he said. He indicated that the weekend's volatility is temporary and simply described his outlook for the coming weeks as "upward."
Other analysts remain optimistic, citing broader macroeconomic signals as signs that new capital may flow into the cryptocurrency market in the coming weeks.
Arthur Hayes, co-founder of BitMEX, stated in a post on X on Tuesday that the cryptocurrency market may present buying opportunities after Federal Reserve Chairman Jerome Powell hinted that quantitative tightening "has ended."
"Get ready… trucks, buy everything," Hayes said.
Quantitative easing is bullish for cryptocurrencies as it encourages banks to lend more and lowers borrowing costs for consumers and businesses by reducing interest rates.
Pav Hundal, chief analyst at Swyftx, told Cointelegraph on Tuesday, "The fundamental economic data is a major story for Bitcoin right now."
"Inflation is currently facing a double whammy from lower oil prices and demand, while the U.S. labor market shows signs of distress," Hundal said, with the U.S. inflation rate reaching 2.90% in August, the highest level since January.
"The Fed has a mandate for full employment, and it seems inevitable that we will see further rate cuts this month. This is a suitable range for Bitcoin," he said.
Meanwhile, macroeconomist Lyn Alden recently stated in a podcast that she tends to believe "the next quarter could be quite favorable for Bitcoin."
Related: Tom Lee and Arthur Hayes maintain that Ethereum (ETH) will reach $10,000 this year.
Original article: “Analyst Peter Brandt: Bitcoin (BTC) May Experience a Drop Before Hitting New All-Time Highs”
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
