Is there room for concern?

TL;DR

Veteran trader Peter Brandt envisioned a potential BTC correction of 50%, with altcoins and meme coins possibly collapsing 90% and 100%. On the other hand, many analysts are predicting BTC to reach $120,000 and $200,000 in the coming months, with some suggesting that the bull market could last until 2026.

50% incoming BTC correction?

Bitcoin (BTC) has been on a tear in recent months, with its price breaking above the psychological level of $100,000 in early December and reaching an all-time high of over $108,000 a few weeks later. Despite the pullback towards the end of the year that wiped out the asset’s valuation below $92,000, the bulls once again intervened and BTC is currently just south of the $100,000 mark.

BTC Price, Source: CoinGecko

The situation may seem quite bullish, but some industry participants, such as veteran trader Peter Brandt, believe that the main cryptocurrency could experience a major crash in the future.

More recently, he suggested that many traders will “get overextended, miss the top and get blown” due to a possible 50% BTC price correction. Brandt is even more pessimistic about altcoins and meme coins, predicting a 90% and 100% crash, respectively.

A decline around $50,000 for BTC seems quite unlikely at the moment, given the current bull market cycle and the upcoming inauguration of Donald Trump. Recall that the next US president made several pro-crypto promises that could trigger another resurgence of the sector (assuming he keeps his word).

However, the cryptocurrency market remains highly unpredictable and investors should beware of unexpected fluctuations all the time.

It is interesting to note that in one of his previous posts, Brandt pointed to the impressive performance of BTC over the past 15 years, saying that it is a holder.

The team of optimists

Contrary to Brandt’s gloomy forecast, there are many analysts who think BTC bulls will continue to thrive in the near future. User X with over two million followers, Lucky, shared an intriguing chart predicting that the bull market could last until 2026. That being said, they envisioned BTC rising to $200,000.

Crypto Rover and Doctor Profit are also among the bullies, although they set lower targets. The former recently speculated that BTC could reach a new ATH of $120,000 in the first three months of the year, while the latter predicted a bomb to $125,000.

Those willing to explore additional price forecasts and see if now is a good time to jump on the BTC bandwagon can watch our dedicated video below:

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