Bitcoin Could Hit New Peak, But Not Without a Major Shakeout, Says Veteran Trader

Bitcoin could soon reclaim its all-time high of $125,100, but not before one more major correction, according to seasoned market analyst Peter Brandt. In a post shared this week, Brandt suggested that Bitcoin is approaching a critical point in its parabolic structure — one that could either confirm a breakout or trigger a significant pullback.

“Either a huge shakeout, which would be confirmed by an all-time high quickly within the next week or so,” Brandt said. “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.”

Brandt, known for accurately predicting past Bitcoin market cycles, cautioned traders to remain aware of “long-term risk,” even as bullish sentiment grows across the market.

Market Volatility Surges After Tariff Shock

The crypto market faced a sharp correction on Friday following U.S. President Donald Trump’s announcement of a 100% tariff on Chinese goods, triggering over $19 billion in liquidations across digital assets.

Bitcoin plunged from around $121,000 to $102,000, before rebounding to $112,400, according to data from CoinMarketCap. Despite the turbulence, several analysts believe the dip may present a buying opportunity, with macroeconomic indicators hinting at renewed capital inflows into the crypto sector.

Analysts Eye “Perfect Conditions” for Bitcoin Rally

Arthur Hayes, co-founder of BitMEX, wrote on X that the recent pullback could be an ideal entry point, citing comments from Federal Reserve Chair Jerome Powell, who signaled that quantitative tightening may be ending.

“Back up the … truck and buy everything,” Hayes said, referring to the potential boost in liquidity that typically follows easier monetary policy.

Quantitative easing, when central banks increase the money supply and lower interest rates, has historically been bullish for cryptocurrencies. This is because it encourages risk-taking and weakens traditional safe-haven demand.

With strong macro tailwinds and shifting monetary policy, Bitcoin’s path forward may indeed be volatile. However, many analysts agree that the next move could push the world’s leading cryptocurrency back into record-breaking territory.