Veteran Trader Peter Brandt Predicts Bitcoin Could Dip Before a New All-time High

According to veteran trader Peter Brandt, Bitcoin may be gearing up for a major reset before reaching new highs. He warned that another major correction could happen before the next price revival. In a recent analysis, Brandt outlined two possible short-term outcomes for the world’s largest cryptocurrency. He predicted that either a “huge shakeout” could happen, followed by a swift move to new highs, or a breakdown of its current structure, which could trigger a sharp decline.

Brandt, known for his decades-long trading experience and accurate historical calls, noted that breaking the parabola could result in a 40–50% correction, with Bitcoin potentially falling to the $50,000–$60,000 range. “Every violation of a parabola in the past has produced at least a 75% decline. While I don’t think we’ll see that level again, traders should be prepared for deep volatility,” he said.

The warning comes after a turbulent weekend in the crypto markets, following U.S. President Donald Trump’s announcement of a 100% tariff on Chinese goods. The news sparked a global market selloff, wiping out more than $19 billion in crypto positions. Bitcoin briefly plunged from around $121,000 to $102,000 before rebounding to roughly $112k, according to CoinMarketCap data.

Charles Edwards, founder of Capriole Investments, urged traders to manage leverage cautiously. “This weekend was a reminder that even 1.5x leverage can be dangerous,” he told Cointelegraph. Despite the volatility, Edwards remains bullish, describing his short-term outlook as “up” and emphasizing the importance of considering long-term risk.

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Meanwhile, optimism persists across the crypto landscape. BitMEX co-founder Arthur Hayes suggested that the recent pullback may represent a major buying opportunity, citing signals from Federal Reserve Chair Jerome Powell that quantitative tightening is ending. “Back up the truck and buy everything,” Hayes posted on X, referring to the potential shift toward easier monetary policy, a historically bullish condition for digital assets.

Analysts like Swyftx’s Pav Hundal echo that sentiment, pointing to improving macroeconomic conditions. With U.S. inflation at 2.9% and signs of a cooling labor market, Hundal expects rate cuts soon, describing the setup as “a goldilocks zone for Bitcoin.” Similarly, macro strategist Lyn Alden forecasted that the next quarter could be “pretty favorable” for the crypto market, suggesting that once the current shakeout concludes, Bitcoin may finally break through to fresh record highs.