Bitcoin could see one more slump before all-time highs: Peter Brandt

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Bitcoin could reclaim its all-time precocious of $125,100 successful the coming week, but not without 1 much large correction, according to seasoned trader Peter Brandt.

“Either a immense shakeout, which would beryllium confirmed by an ATH rapidly wrong the adjacent week oregon so,” helium said, though helium acknowledged determination could besides beryllium a overmuch much bearish outcome.

“Or a usurpation of the parabola, which each clip successful the past has produced a 75% terms decline. I deliberation the time of the 80% diminution is over, but possibly backmost to $50-60,000 and trial the little tegument of the banana.”

Traders request to see “long-term risk,” says analyst

The crypto marketplace crashed connected Friday aft US President Donald Trump’s announcement of a 100% tariff connected Chinese goods, resulting successful over $19 cardinal successful liquidations crossed the market.

After dropping from astir $121,000 to arsenic debased arsenic $102,000 connected Friday, Bitcoin (BTC) has rebounded to astir $112,400 astatine the clip of publication, according to CoinMarketCap.

“If anything, this play was a reminder you person to beryllium truthful cautious with leverage, and adjacent multiples supra 1.5x are dangerous,” Capriole Investments laminitis Charles Edwards told Cointelegraph.

“They do, and you request to ever see multi-year, semipermanent risk,” helium said. He said the weekend’s volatility is temporary, and described his outlook for the coming weeks arsenic simply “up.”

Other analysts stay optimistic, citing broader macroeconomic signals arsenic indications that caller superior could travel into the cryptocurrency marketplace successful the coming weeks.

“Buy everything,” says BitMEX co-founder Arthur Hayes

BitMEX co-founder Arthur Hayes said successful an X station connected Tuesday that a buying accidental whitethorn beryllium presenting itself successful the crypto marketplace aft US Federal Reserve Chair Jerome Powell signaled that quantitative tightening “is over.”

“Back up the… motortruck and bargain everything,” Hayes said.

Quantitative easing is bullish for crypto arsenic it encourages banks to lend much and makes borrowing cheaper for consumers and businesses done little involvement rates.

Swyftx pb expert Pav Hundal told Cointelegraph connected Tuesday that “the cardinal economical information is the large communicative for Bitcoin close now.”

“Inflation is facing a treble whammy astatine the infinitesimal from little lipid prices and demand, and astatine the aforesaid time, the US labour marketplace is showing signs of distress,” Hundal said, arsenic US ostentation reached 2.90% successful August, the highest level since January.

“The Fed has a mandate to people afloat employment, and it each conscionable feels inevitable that we’ll spot further complaint cuts this month. This is simply a goldilocks portion for Bitcoin,” helium said.

Meanwhile, macroeconomist Lyn Alden precocious said connected a podcast that she is leaning “toward this adjacent 4th being astir apt beauteous favorable” for Bitcoin.

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