Bitcoin May See Another Plunge Before ATHs: Peter Brandt
Veteran trader Peter Brandt predicts Bitcoin may reach its all-time high of $125,100 soon but warns of a likely major correction first, suggesting either a sharp shakeout followed by rapid recovery or a more bearish scenario with a drop to $50,000–$60,000. The recent crypto market crash, triggered by U.S. tariffs on Chinese goods, caused over $19 billion in liquidations, sending Bitcoin’s price from $121,000 to $102,000 before rebounding to around $112,400. Analysts emphasize the risks of leverage and advocate for a long-term perspective, noting that recent volatility may be temporary. Sentiment is generally bullish, supported by expectations of quantitative easing after Fed Chair Jerome Powell indicated tightening is ending. This would make borrowing cheaper, benefiting crypto. Analysts highlight favorable macroeconomic conditions—including easing inflation and a weakening labor market—as likely to prompt further interest rate cuts, creating a strong environment for Bitcoin growth in the upcoming months.
