15.02.2025 17:05

Here's a rewritten version of the news article, employing varied sentence structures and enriching the language while preserving the core information:

**Bitcoin's Ascent to $200K Unlikely This Decade, Analyst Suggests**

Despite Bitcoin's recent surge past $97,000, veteran trader Peter Brandt has tempered expectations, questioning the possibility of it reaching $200,000 before the end of the decade. His technical analysis posits that the leading cryptocurrency may struggle to break through this ambitious ceiling in the coming years. This projection comes amid Bitcoin's fluctuating performance, showing a marginal daily increase of 0.17% alongside a weekly dip of 2.85%.

Brandt highlighted the challenges Bitcoin faces in surpassing the critical $100,000 mark. Specifically, the 8-week moving average, currently positioned at $97,633, has repeatedly rebuffed upward momentum, posing a significant obstacle. In a recent social media post, Brandt conveyed his sentiment that Bitcoin's chances of exceeding $200,000 this decade hinged on achieving "escape velocity" through its upper parabolic resistance line.

Furthermore, market dynamics, as indicated by the Average True Range (ATR) of 8,988 and the Average Directional Index (ADI) of 40.75, reveal heightened volatility and affirm a strong prevailing trend. These indicators suggest that the current market environment is characterized by substantial price swings, further complicating the path toward sustained upward growth.

Drawing from historical data, Brandt points to a recurring pattern observed since 2012, where Bitcoin has navigated within a rising channel defined by crucial trendlines acting as price barriers. Bitcoin's inclination for both dramatic corrections and parabolic rallies is particularly noteworthy. The striking parallels between the current market surge and these past cycles have prompted seasoned market participants to exercise caution.