Bitcoin can get all the time of $ 125,100 this coming week, but not without another major correction, according to veteran businessman Peter Brandt.
“Either a big grip, which an ATH can confirm quickly within the next week or more,” he said, even though he acknowledged that it could also be more outcome.
“Or a parabola violation, which in the past has made a 75% drop price. I think the day of 80% decline is over, but maybe back to $ 50-60,000 and try the lower banana skin.”
Entrepreneurs need to consider “long-term risk,” says analyst
Crypto market crashed Friday after US president Donald Trump announced a 100% tariff on Chinese goods, resulting in More than $ 19 billion in liquids throughout the market.
After going down from around $ 121,000 to less than $ 102,000 on Friday, the Bitcoin (Btc) will bounce at approximately $ 112,400 at the time of publication, According to In coinmarketcap.
“If anything, this weekend is a reminder that you need to be careful about kidnapping, and even many over 1.5x is dangerous,” Capriole Investments founder Charles Edwards told cointelegraph.
“They do, and you need to always consider many years, long-term risks,” he said. He said the weekend volatility was temporary, and described his views for the coming weeks as simple “up.”
Other analysts remain optimistic, citing greater macroeconomic signals as indications that fresh capital can flow into the cryptocurrency market in the coming weeks.
“Buy everything,” Bitmex co-founder Arthur Hayes said
Bitmex co-founder Arthur Hayes Says In an X post on Tuesday that a purchase opportunity could display itself in the crypto market after federal chairman Jerome Powell signed the volume of strict “to be over.”
“I -back up the … truck and buy everything,” Hayes said.
EASING volume is bullish for crypto because it encourages banks to lend more and makes borrowing cheaper for consumers and businesses by lower interest rates.
Related: Bitcoin prices take the key level as entrepreneurs say $ 150k BTC is still played
Swyftx lead analyst Pav Hundal told Cointelegraph on Tuesday that “the main economic data is the big story for Bitcoin today.”
“Inflation has faced a double whammy so far from lower oil and demand prices, and at the same time, the US manufacture market shows signs of anxiety,” Hundal said, as US inflation reached 2.90% in August, the highest level since January.
“The Fed has a mandate to target the entire job, and everyone just feels inevitable that we will see additional rates this month. It’s a Goldilocks zone for Bitcoin,” he said.
Meanwhile, macroeconomist Lyn Alden recently Says In a podcast he was leaning “toward the next quarter that was probably quite desirable” for Bitcoin.
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