SAEDNEWS: Peter Brandt has predicted that Bitcoin could face a 50% price drop.
According to SaedNews, Peter Brandt, a well-known and experienced trader and financial market analyst, has predicted that Bitcoin could face a 50% price drop.
He also warned that altcoins and meme coins could fall by 90% and 100%, respectively. This prediction comes as Bitcoin has once again surpassed $100,000 since yesterday.
Brandt believes that many traders will suffer losses due to high leverage and missing the peak.
However, some optimistic analysts, like Lucky, predict that the Bitcoin bull market will continue until 2026, with its price reaching $200,000. Other analysts, such as Crypto Rover and Doctor Profit, have set more modest targets of $120,000 to $125,000 for Bitcoin.
