Crypto analysts say the weekend’s market volatility is temporary and are predicting an upward trend to emerge in the coming weeks.
Bitcoin could reclaim its all-time high of $125,100 in the coming week, but not without one more major correction, according to veteran trader Peter Brandt.
“Either a huge shakeout, which would be confirmed by an ATH quickly within the next week or so,” he said, though he acknowledged there could also be a much more bearish outcome.
The crypto market crashed on Friday after US President Donald Trump’s announcement of a 100% tariff on Chinese goods, resulting in over $19 billion in liquidations across the market.
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