When Bitcoin ( BTC ) reached a record high above $100,000, one of the next key anticipated targets was the $200,000 mark. However, a veteran trader has ruled out this possibility in the coming years. To this end, legendary rader Peter Brandt has suggested that it is highly improbable for BTC to trade above $200,000 by the end of the decade unless it can break through a critical resistance level, according to his X post on February 14. Brandt’s analysis highlighted key technical formations that have shaped Bitcoin’s long-term price action. If these patterns hold over the next five years, they could rule out a move to $200,000. “Unless Bitcoin has escape velocity through upper parabolic resistance line it’s very unlikely that BTC will be trading above $200k at the end of this decade,” he said. Bitcoin price analysis chart. Source: Peter Brandt Historically, Bitcoin has experienced multiple parabolic advances, driving it to new highs. However, an upper parabolic resistance could cap its upside potential below $200,000. The analysis identified rectangles (RT), head and shoulders patterns (H&S), and expanding formations (Exp), indicating a structured yet volatile price trajectory. Brandt emphasized that unless Bitcoin decisively breaks its current parabolic structure, a rally beyond $200,000 remains unlikely. Bitcoin’s history includes rounding bottoms (Rnd), symmetrical triangles (ST), and key accumulation phases preceding significant rallies. Yet, each cycle has seen the asset struggle against critical resistance levels. Contrasting Bitcoin price prediction Interestingly, Brandt’s outlook differs from that of technical analyst Gert Van Lagen. In an X post on February 15, Van Lagen stated that Bitcoin might be gearing up for a final push to surpass the $200,000 mark. According to the analyst, the leading cryptocurrency appears poised for a final parabolic rally that could culminate in the $270,000 to $300,000 range. Bitcoin price analysis chart. Source: TradingView/Gert Van Lagen The technical analysis indicated that the maiden digital asset has successfully broken out of a four-year bullish megaphone pattern and has spent the past three months retesting this breakout—confirming its strength before launching higher. A chart shared by Lagen depicted how Bitcoin progressed through multiple bases before entering full-price discovery. In this line, Bitcoin has exhibited a step-like accumulation structure, guiding its ascent before a parabolic breakout. The formation began with Base 1, which marked the bear market’s end at the megaphone pattern’s lower boundary. Base 2 followed as a bear trap, shaking out weak hands before BTC reclaimed support. The rally gained momentum at Base 3, where Bitcoin confirmed the step formation with a strong price expansion and higher highs. Finally, Base 4 served as the last consolidation phase, signaling that price discovery is now in full swing. Similarly, prominent Wall Street analysts are also forecasting Bitcoin hitting $200,000 in 2025. As reported by Finbold, banking giant Standard Chartered has set a Bitcoin price target of $200,000 for 2025. Geoff Kendrick, the bank’s Global Head of Digital Assets Research, stated that institutional capital inflows will mainly drive the push toward this target. Analysts at Bernstein have also echoed the $200,000 price target . If Bitcoin reaches this record, the asset will command a market cap of about $3.96 trillion. Bitcoin is consolidating below $100,000 in the short term as bulls struggle to push the asset past the crucial $100,000 resistance. This performance has been influenced by a mix of macroeconomic factors and market dynamics, with uncertainty regarding the Federal Reserve’s next interest rate move taking the lead. Amid this market indecisiveness, Bitcoin is also recording a notable shift in exchange inflows. Specifically, according to data from cryptocurrency on-chain analysis platform IntoTheBlock , Bitcoin saw $1.04 billion in net inflows to exchanges this week, wiping out three weeks of outflows. BTC saw $1.04B in net inflows to exchanges this week. This essentially wiped out the 3 previous weeks of outflows, indicating hesitancy in the market given global political and economic uncertainties. pic.twitter.com/MVhJGiCUmF — IntoTheBlock (@intotheblock) February 14, 2025 It’s worth noting that large inflows often signal selling pressure as traders move assets to exchanges primarily to sell. Bitcoin price analysis As of press time, Bitcoin was at $97,510, down 0.7% in the last 24 hours. On the weekly chart, the asset has posted a modest 1% gain. Bitcoin seven-day price chart. Source: Finbold As things stand, Bitcoin’s key level to watch remains $100,000, breaking above it could trigger a rally toward $120,000, while support sits at $90,000 and $85,000. Featured image via Shutterstock The post Legendary trader says ‘it’s very unlikely’ Bitcoin will trade above $200k this decade appeared first on Finbold .
