Veteran trader Peter Brandt suggests that Bitcoin could reach its all-time high of $125,100 in the coming week, but not without first facing another significant correction.
“Either we see a major shakeout, followed by an ATH within the next week or so,” he said, while also noting that a more bearish scenario is possible.
“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.”
Analyst urges traders to weigh “long-term risk”
The crypto market took a hit on Friday following US President Donald Trump’s announcement of a 100% tariff on Chinese goods, triggering over $19 billion in liquidations across the market.
Bitcoin plunged from around $121,000 to as low as $102,000 on Friday but has since bounced back to roughly $112,400 at the time of publication, according to CoinMarketCap.
“If anything, this weekend was a reminder to be extremely cautious with leverage—even levels above 1.5x can be risky,” said Charles Edwards, founder of Capriole Investments.
He added, “Traders need to always consider multi-year, long-term risk.” Despite the recent volatility, Edwards described the market’s outlook for the coming weeks as simply “up.”
Other analysts remain bullish, pointing to broader macroeconomic trends as potential drivers of fresh capital into the crypto market in the coming weeks.
“Buy everything,” urges BitMEX co-founder Arthur Hayes
Arthur Hayes suggested in an X post on Tuesday that the crypto market may be entering a prime buying opportunity after US Federal Reserve Chair Jerome Powell indicated that quantitative tightening “is over.”
“Back up the… truck and buy everything,” Hayes wrote.
Quantitative easing tends to be positive for cryptocurrencies, as it encourages banks to lend more and lowers borrowing costs for consumers and businesses through reduced interest rates.
Swyftx lead analyst Pav Hundal told Cointelegraph on Tuesday that “the fundamental economic data is the big story for Bitcoin right now.”
“Inflation is facing a double whammy from lower oil prices and weakened demand, while the US labor market is showing signs of strain,” Hundal said, noting that US inflation reached 2.90% in August, the highest since January.
He added, “The Fed’s mandate to target full employment makes further rate cuts seem inevitable this month. This is a goldilocks zone for Bitcoin.”
Meanwhile, macroeconomist Lyn Alden recently said on a podcast that she expects “this next quarter to likely be pretty favorable” for Bitcoin.
