After reaching an all-time high above the $100,000 threshold. Bitcoin (BTC) The topic is still being talked about, and many are wondering if there are still gains to come. However, some traders expect that there may be a collapse before a new peak is reached.
Among these there is peter brandt, A well-known name in the trading world, who suggested that Bitcoin might go through a final “dump” or consolidation phase before continuing its rise.
At the end The post has been published On January 12, Brandt shared his analysis, outlining the past performance of the most valuable cryptocurrencies and describing phases he calls “pump,” “hump,” and “dump.”
In particular, A “pump” It is a period when assets grow rapidly, such as Bitcoin’s astonishing rise from $70,000 to more than $100,000 at the end of 2024, driven by heavy buying and the Trump effect.
After that comes the stage “hump”as the rally slows down and encounters resistance, as seen in the Bitcoin plateau in December, which led to the cryptocurrency assets consolidating around the $95,000 level.
Finally, “foolish” It represents a downward correction, often caused by profit taking or loss of momentum. In this case, Brandt points out that if Bitcoin fails to hold the key support, it could fall to $73,018.
Brandt looked at Bitcoin’s trend and noticed a recurring phenomenon in the markets: strong price movements often occur when retail traders begin to tire, marking the turning point before major price fluctuations in the asset.
“The question I have is whether Bitcoin will undergo another crash (or another long consolidation phase) before it sees a rally. Remember, markets generally don’t tighten until retail traders get tired.
Can Bitcoin reach $140,000?
Another well-known cryptocurrency analyst, Ali Martinez, also did this subscriber Similar prediction for Bitcoin. In his article on
His forecast is based on two technical patterns observed on the 12-hour BTC chart: a bullish pennant and a head and shoulders pattern formation.
deer Bull banner It is a pattern that forms when Bitcoin rises, then stabilizes in an increasingly narrow range, with trend lines approaching. The formation of this pattern usually indicates that the asset may continue to rise.
Instead, style Head and shouldersWith a central high (the head) and two lower highs on the sides (the shoulders), it indicates the possibility of a bearish reversal.
Meanwhile, Bitcoin is stabilizing around the $95,000 level, which is a crucial moment to understand the direction in which it will move.
Bitcoin: Analysts were divided between bullish expectations and risks of a sharp decline
Bitcoin’s outlook remains uncertain, with conflicting scenarios among analysts. Some see a bright future for the asset, predicting its value to double in 2025. This optimism is partly fueled by the election of Donald Trump, who has promised to turn the United States into a hub for crypto assets.
For example Standard Chartered It expects Bitcoin to reach $200,000, driven by growing interest from institutional investors.
analyst Geert van LagenHowever, he is bolder, with a prediction that Bitcoin will reach $300,000 by March 30, 2025, based on Elliott Wave Theory, which analyzes recurring market cycles.
But not everyone is optimistic. Bitcoin is currently below the $100,000 mark, some analysts say Alan SantanaThey are worried. They fear that if the asset continues to stay below this level, it may fall to $40,000.
Overall, assuming Trump supports the cryptocurrency sector, as he promised during his campaign, Bitcoin is likely to see further upside, driven by enthusiasm for a potentially clear regulatory framework, which could attract institutional investors.
At the same time, pressure is mounting on large corporations to put some of their reserves into Bitcoin as a hedge against inflation. After Microsoft shareholders rejected the idea, attention turned to Meta, the parent company of Facebook.
In fact, one contributor has suggested allocating a portion of Meta’s $72 billion liquid reserves to Bitcoin. If the proposal is accepted, Meta could become one of the first large traditional companies to own Bitcoin, a move that could give a significant boost to the asset’s price.
Bitcoin price analysis
Bitcoin is currently trading at $93,026, down 1.28% in 24 hours. It is also red in the other charts. In the past seven days, it has accumulated a loss of 6.26%, while it suffered a decline of 8.58% during the month.
Bitcoin is consolidating as investors focus on new pre-sale projects
As Bitcoin continues to consolidate around $93,000, with bulls and bears poised to compete for the next move, investors are also eyeing other new pre-sale projects that could provide growth opportunities protected from market volatility.
One of them is Wall Street Call ($WEPE). The project began pre-sale in early December and has exceeded expectations, raising more than $47 million.
$WEPE is not just a token, but a project with a real use case. Token holders have access to an exclusive community called $WEPE Armyand unique resources, including advanced trading strategies, alpha signals and weekly contests. Everything is designed to help investors better navigate the cryptocurrency market and make the most of the opportunities.
community WEP It grows every day, thanks to the mutual support among its members, who support each other in the pursuit of success.