$250,000 Bitcoin Target Still in View But Not Soon, Peter Brandt Hints
Analysis
Price Impact
HighVeteran trader peter brandt warns that bitcoin is likely headed for a deep correction (potentially to $50,000) based on historical parabolic cycle breakdowns before eventually achieving a long-term target of $200,000-$250,000.
Trustworthiness
HighPeter brandt is a highly respected and veteran market analyst whose predictions are often based on extensive historical chart analysis and recurrent patterns.
Price Direction
BearishBrandt's analysis strongly indicates an impending or ongoing deep correction, suggesting significant downside movement in the short term before any major bullish momentum toward new highs.
Time Effect
ShortThe predicted deeper correction is expected to unfold in the short to medium term, aligning with historical patterns of bull market corrections before the next long-term parabolic ascent.
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Article Content:
Cover image via U.Today Read U.TODAY on Google News Bitcoinâs correction may be far from over Bitcoin at $250,000 still possible Advertisement Peter Brandt, veteran crypto trader and Bitcoin advocate, has spilled a hard truth on Bitcoin’s price pattern in a recent X post on Monday, December 1st. The trader shared a rare analysis suggesting that the leading cryptocurrency will see a massive price rally in the future, but it may plunge harder first. In his post, Peter Brandt shared a long-term Bitcoin chart that shows repeated patterns in all Bitcoin’s bull cycles since its launch. HOT Stories Morning Crypto Report: XRP Rockets 324% in Weekly ETF Inflows, Strategy CEO Reveals Why They May Sell Bitcoin, Shiba Inu (SHIB) in December: What to Expect Ripple Wins Major License Boost in Singapore XRP Sees 1,447% Liquidation Imbalance, Shiba Inu Joins Japan's Green List, Saylor’s Strategy Having Second-Worst Month Since Buying Bitcoin — Top Weekly Crypto News Crypto Market Prediction: Shiba Inu (SHIB) Ends It Here, Bitcoin (BTC) Price Reaches Key $90,954 Moment, Will XRP Fall Under Mini-Death Cross? Bitcoin’s correction may be far from over Brandt warned that Bitcoin might still be headed for a deeper correction, as its previous bull markets have all ended the same way. Advertisement He noted that these bull markets have often been preceded by a 75% or greater price correction. While he explained that there have been five major bull cycles since the asset launched in 2010, the chart shows each of the cycles moving on a steep, curved parabolic rise, followed by a sharp violation of that curve which then leads to a deep price correction. You Might Also Like Mon, 12/01/2025 - 12:00 Bitcoin Did Not Crash, Top Analyst Drops Bombshell By Godfrey Benjamin While he emphasized that no exceptions have been made in all previous cycles, the veteran trader believes that this current cycle would not be an exception either. With the current market uncertainty practically aligning with Brandt’s analysis, the chart shows that Bitcoin is currently hovering near the lower boundary of its long-term parabolic pattern. Bitcoin at $250,000 still possible Thus, Brandt issued a serious warning that the crypto market should prepare for a deeper correction, which is what history has delivered every time if the curve breaks like in other cycles. However, long-term investors may not need to panic, as Brandt further assured that Bitcoin’s long-term potential remains intact and a major bull run is still waiting ahead. Despite the slowing exponential growth, Peter Brandt predicted that the next major bull cycle could still carry BTC toward the $200,000 to $250,000 level. However, the massive rally will not happen in the near term, and Bitcoin might need to fall as low as $50,000 first to achieve this target. #Bitcoin #Bitcoin Price Prediction #Peter Brandt