Peter Brandt Sees Potential for $200K to $250K Bitcoin Bull Run

Bitcoin faces continued weakness as its long-term parabolic trend finally broke. Currently hovering near $86,000, with market dominance at 58 percent and a total valuation under $2 trillion, the coin is experiencing a period of decline despite analyst Peter Brandt’s prediction for potential bull runs. He believes the next cycle could see Bitcoin prices surge to between $200,000 and $250,000 if it re-tests the $50,000 mark.