Currently, the cryptocurrency market is experiencing huge fluctuations and the question for investors is: what can happen next with Bitcoin? Experts seem divided here. But will the price be $50,000 or $1.5 million?
Expert predicts: Bitcoin falls to $50,000
Over the past few hours, Bitcoin’s price briefly dipped below $90,000, leaving many investors fearful of a potentially stronger correction in the cryptocurrency. But so far there have been no failures and the price has increased significantly recently. Some experts, however, remain skeptical and warn of the disaster that may occur.
A prominent example is Peter Brandt, an experienced trader, successful author and respected technical analyst. He recently warned on X (formerly Twitter) that Bitcoin could face a correction to around $50,000. When it comes to memes and altcoins, the expert was even more gloomy and predicted a crash of as much as 90-100 percent.
I say this having witnessed the markets for 50 years. Some will do great from now on. But too many fools will become overleveraged, miss the top, and get blown up in the next 50% correction in BTC, 90% correction in altcoins, 100% correction in memes https://t.co/o33Jnq4IHz
— Peter Brandt (@PeterLBrandt) January 6, 2025
Brandt relies primarily on the thesis that Bitcoin has experienced such growth in recent years that it is extraordinary and probably impossible to repeat. As a result, many investors’ return expectations are excessive and risk management is inadequate. As a result, the analyst expects that many leveraged traders in particular may be caught on the wrong foot.
However, despite these short-term changes, Brand remains bullish on the digital currency long-term and sees a rise to $234,000 as realistic after the massive correction he predicts. This would represent an escalate of 148 percent over current levels.
Most analysts are positive – $1.5 million by 2035
Some analysts, however, do not see the need for a correction for Bitcoin and are much more sanguine than Peter Brandt. For example, expert Timothy Peterson is particularly sanguine. He has already attracted attention in the past with right predictions regarding the development of Bitcoin.
Specifically, Peterson currently expects the price of Bitcoin to rise to $1.5 million by 2035, which would represent a 1,495 percent price escalate. For the analyst, the reason for this is the self-created network model, which indicates further extreme growth for the mother of all cryptocurrencies.
The year is 2035. Bitcoin costs – and please inform me this – $1.5 million. And somewhere someone asks: “Is now a good time to buy Bitcoin?” pic.twitter.com/BmuQnqlOSt
— Timothy Peterson (@nsquaredvalue) January 8, 2025
However, even in the tiny term, some market observers are very sanguine about the cryptocurrency’s development. Even on Wall Street, experts such as strategist Tom Lee of Fundstrat and analyst firm Bernstein predict that the price of Bitcoin will reach $200,000 this year. If this forecast comes true, it means that the current bull market is probably not over yet.
In this regard, it may be worth taking a look at non-mainstream coins, as in the last bull phase of 2020/2021, especially smaller projects such as Memecoins stood out as viable sources of profits for investors. For example, the price of Dogecoin has increased by several thousand percent in a few months. Such changes could also be possible in 2025.
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