Bitcoin could reclaim its all-time high of $125,100 next week, but not without another major correction, according to veteran trader Peter Brandt.

“Either a major shakeout, which will be confirmed by ATH quickly over the next week or so,” he said, although he acknowledged there could also be a much more bearish outcome.

“Or a parabolic violation, which every time in the past has led to a 75% drop in prices. I think the day of the 80% drop is over, but maybe we go back to $50-60k and test the bottom of the banana.”

The analyst says traders need to consider “long-term risks.”

The cryptocurrency market collapsed on Friday after US President Donald Trump announced a 100% tariff on Chinese goods, resulting in more than $19 billion being liquidated across the market.

After falling from about $121,000 to $102,000 on Friday, Bitcoin (BTC) has rebounded to nearly $112,400 at press time, according to CoinMarketCap.

“If anything, this weekend was a reminder that you have to be very careful with leverage, and even multiples above 1.5x are dangerous,” Charles Edwards, founder of Capriole Investments, told Cointelegraph.

“They do, and you always have to think about the multi-year and long-term risks,” he said. He said that the weekend's volatility was temporary, and described his expectations for the coming weeks as simply “bullish.”

Other analysts remain optimistic, citing broader macroeconomic signals as indicators that new capital could flow into the cryptocurrency market in the coming weeks.

“Buy everything,” says Arthur Hayes, co-founder of BitMEX.

A buying opportunity may emerge in the cryptocurrency market after US Federal Reserve Chairman Jerome Powell signaled that quantitative tightening is “over,” BitMEX co-founder Arthur Hayes said in an X post on Tuesday.

“Back up the truck and buy everything,” Hayes said.

Quantitative easing is bullish for cryptocurrencies because it encourages banks to lend more and makes borrowing cheaper for consumers and businesses through lower interest rates.

Related to: Bitcoin price reclaims key level as traders say $150,000 worth of Bitcoin is still in circulation

“Fundamental economic data is the big story for Bitcoin right now,” SWIFTEX senior analyst Pav Hundal told Cointelegraph on Tuesday.

“Inflation is facing a double blow at the moment due to lower oil prices and demand, and at the same time, the US labor market is showing signs of distress,” Hundal said, with US inflation reaching 2.90% in August, the highest level since January.