Veteran Trader: Bitcoin May Hit ATH Next Week, But a Major Correction Is Expected Before That

ChainCatcher reported that renowned trader and chart analyst Peter Brandt stated that bitcoin may reclaim its all-time high of $125,100 next week, but will experience a significant correction beforehand. At the same time, he does not rule out a more pessimistic market trend, saying, "It might break below the parabolic support. Every time this has happened in the past, the price has dropped by 75%. I believe the era of 80% declines is over, but it might fall back to $50,000 to $60,000."