Peter Brandt, an experienced salesman, rejected bullish forecasts after a recent Bitcoin enhance to USD 97,000+.

His latest technical analysis indicates that the most evident cryptocurrency may encounter difficulty in exceeding the desired threshold of USD 200,000 before 2030.

Bitcoin showed mixed performance, with a daily enhance in 0.17% and a decrease by 2.85% per week, which caused a forecast.

Prolonged path to six figures

Bitcoin will encounter stern challenges related to violation of the psychological barrier of $ 100,000. The 8-week moving average USD 97,633, which consistently rejected movements up, presents cryptocurrency with considerable resistance.

This thought comes from the world of crazy ideas – thought, not trade
Unless Bitcoin has no escape speed through the upper parabolic resistance line, it is very unlikely that BTC will trade over USD 200,000 at the end of this decade. Only the answer. No interest in non -mirror pic.twitter.com/7a5n7gliw8

– Peter Brandt (@peterlbrandt) February 14, 2025

The average real range (ATR) of 8 988 and the average directional index (ADI) 40.75, which both support a powerful trend, show increased variability in current market conditions.

Historical patterns paint the warning

Since 2012, Bitcoin has developed a characteristic pattern that captured the interest of technical experts. As part of the Red Emerging Cryptocurrency Channel, it reflects between two key trend lines that serve as price barriers.

The tendency of Bitcoin for keen corrections as well as parabolic movements is particularly intriguing. Market veterans raised their antennas due to the striking similarities between the current rally and these previous cycles.

The commercial volume raises red flags

The numbers tell an engaging story about how people participate on the market. There is a chance that the current rally is not stable, because the 20-speed Bitcoin volume of 245,600 is low compared to other stages of the breakthrough.

Maintaining a long -term trend can be challenging in the absence of a significant enhance in trade volume. For analysts watching another essential Bitcoin movement, this frail volume was a growing problem.

Support and resistance: Battle line drawing

The future of Bitcoins depends on critical price levels that could determine his fate. Mighty support occurs in the range from 60,000 to USD 70,000, while the solid resistance zone is between 100,000 and USD 120,000.

If the situation worsens, Bitcoin can visit the lower limit of its long -term channel, which is about USD 40,000 to USD 50,000.

Brandt’s analysis indicates that Bitcoin’s trajectory up to USD 200,000 until 2030 is questionable in the absence of a significant break above the upper limit of its parabolic trajectory.

Veteran Trader emphasizes the need for lasting momentum and the ability to exceed the levels of critical resistance to achieve such increased valuations.

A distinguished picture from Pixabay, chart from TradingView