BlockBeats news, on October 15, renowned trader and chart analyst Peter Brandt stated that Bitcoin may reclaim its historical high of $125,100 next week, but will first experience a significant pullback. He also does not rule out a more pessimistic market trend. "It may fall below the parabolic support; every time this has happened in the past, the price has dropped by 75%. I believe the era of an 80% drop is over, but it may return to $50,000 to $60,000."
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BlockBeats news, on October 15, renowned trader and chart analyst Peter Brandt stated that Bitcoin may reclaim its historical high of $125,100 next week, but will first experience a significant pullback. He also does not rule out a more pessimistic market trend. "It may fall below the parabolic support; every time this has happened in the past, the price has dropped by 75%. I believe the era of an 80% drop is over, but it may return to $50,000 to $60,000."