Peter Brandt says that Bitcoin’s all-time peak of $125.100 could be reclaimed in the next week. However, it will not happen without another major correction.
“Either a huge shakeout, which would be confirmed by an ATH quickly within the next week or so,” Despite acknowledging that a far more dour outcome could be possible, he was still optimistic.
“Or a violation of the parabola, which every time in the past has produced a 75% price decline. I think the day of the 80% decline is over, but perhaps back to $50-60,000 and test the lower skin of the banana.”
Considerations for traders “long-term risk,” Says an analyst
After US President Donald Trump announced a tariff of 100% on Chinese products, the crypto market fell on Friday. over $19 billion in liquidations The market is a great place to start.
Bitcoins (Bitcoin) dropped to a low of $102,000 from $120,000 on Friday.BTCAt the time of this publication, the value has increased to $112,400. according CoinMarketCap is a great place to start.
“If anything, this weekend was a reminder you have to be so careful with leverage, and even multiples above 1.5x are dangerous,” Charles Edwards is the founder of Capriole Investments.
“They do, and you need to always consider multi-year, long-term risk,” he stated. The volatility of the past weekend is only temporary. His outlook for the next few weeks was simple. “up.”
Others analysts, however, remain positive. They cite broader macroeconomic signs as indicators that more capital will flow to the crypto market over the coming weeks.
“Buy everything,” Arthur Hayes is the co-founder and CEO of BitMEX
Arthur Hayes is the co-founder and CEO of BitMEX said The US Federal Reserve chair Jerome Powell indicated that quantitative tightening was imminent in a post in X on Tuesday. “is over.”
“Back up the… truck and buy everything,” Hayes said.
The quantitative easing of the banks will encourage them to increase lending. makes borrowing cheaper Lower interest rates benefit both consumers and business.
Related: Bitcoin price reclaims key level as traders say $150K BTC still in play
Swyftx’s lead analyst Pav Hundal, who spoke to Cointelegraph Tuesday about the company’s plans for growth, said that “the fundamental economic data is the big story for Bitcoin right now.”
“Inflation is facing a double whammy at the moment from lower oil prices and demand, and at the same time, the US labor market is showing signs of distress,” Hundal stated that US inflation had reached 2,90% in August, its highest level since the beginning of January.
“The Fed has a mandate to target full employment, and it all just feels inevitable that we’ll see further rate cuts this month. This is a goldilocks zone for Bitcoin,” He said.
Macroeconomist Lyn A. Alden has recently said She says on a Podcast that she’s leaning “toward this next quarter being probably pretty favorable” Bitcoin.
Magazine: Review: The Devil Takes Bitcoin, a wild history of Mt. Gox and Silk Road
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Source: cointelegraph.com
