Senior Trader: Bitcoin May Hit ATH Next Week, But a Major Pullback is Expected Before That

BlockBeats News, October 15th, Renowned trader and chart analyst Peter Brandt said that Bitcoin may retest its all-time high of $125,100 next week, but not before experiencing a significant pullback. At the same time, he does not rule out a more bearish scenario in the market. "Perhaps it will break below the parabolic support, and every time that has happened in the past, the price has dropped by 75%. I believe the era of an 80% correction is over, but it may retrace to $50,000 to $60,000."