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Bitcoin Could Hit $250K if $50K Bottom Holds: Brandt

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Market analyst Peter Brandt says bitcoin’s next major bull cycle could reach $250,000. He shared a chart showing how bitcoin’s bull-market gains have declined with each cycle, following what he calls a pattern of “exponential decay.”

Brandt explained that early cycles delivered huge advances, while more recent ones have shown smaller increases. He suggested that if BTC drops toward $50,000 and then rebounds, the next bull cycle could push it into the $200,000 to $250,000 range.

Is a 200% Price Jump Within Reach?

At press time, the apex coin trades around $84,800. If Brandt’s $250,000 prediction materializes, it would represent nearly a 200% rise from the current price.

However, Brandt recently suggested a scenario in which the U.S. government could trigger a short-term price drop. He said a fall to roughly $30,000 could pressure major holders. This would allow authorities to buy BTC at lower levels and strengthen reserves.

Bitcoin in a Downtrend

Bitcoin has faced turbulence recently, starting in December with a downtrend. Nearly $1 billion in leveraged positions was liquidated during a sharp drop, extending a broad selloff into its third consecutive month.

The coin fell as much as 8% on Monday, trading below $84,000, bringing its yearly decline to more than 9%. Market participants are watching $80,000 as the next key support, according to Sean McNulty, APAC derivatives trading lead at FalconX.

McNulty described the start of December as “risk off,” noting weak inflows into bitcoin ETFs and a lack of dip buyers. He expects structural challenges for the cryptocurrency to persist this month.

Broader economic conditions also add to the uncertainty, as traders monitor global monetary policy. Karim Dandashy, an over-the-counter trader at Flowdesk, highlighted that the Fed may resume cuts after last week’s brief panic. He added that the Bank of Japan could raise rates in response to movements in Japanese government bonds.

The post Bitcoin Could Hit $250K if $50K Bottom Holds: Brandt appeared first on CoinTab News.

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