$BTC May Face One More Correction Before New Highs


Veteran trader Peter Brandt says $BTC could reclaim its all-time high of $125,100 within the next week. However, he warns that one more major correction may occur first.


"Either a huge shakeout, which would be confirmed by an ATH quickly within the next week or so," Brandt stated, “or a violation of the parabola,” acknowledging a more bearish scenario remains possible.


He added that parabola violation "every time in the past has produced a 75% price decline. I think the day of the 80% decline is over, but perhaps back to $50,000-$60,000 and test the lower skin of the banana," Brandt explained regarding historical patterns.


The #crypto market crashed on Friday after U.S. President Donald Trump announced 100% tariffs on Chinese goods. This resulted in over $19 billion in #liquidations across the market.


$BTC dropped from around $121,000 to as low as $102,000 on Friday. The asset has since rebounded to approximately $112,400 at publication time, according to CoinMarketCap data.


"If anything, this weekend was a reminder you have to be so careful with #leverage, and even multiples above 1.5x are dangerous," Capriole Investments founder Charles Edwards told reporters. He described his outlook for the coming weeks simply as "up," viewing weekend volatility as temporary.

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October 15, 2025 at 12:47 PM
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