Can Bitcoin hit $250K this year? Traders say it may be time to ‘sell in May’

Veteran trader Peter Brandt and other analysts question the $250,000 Bitcoin target, warning the current bear phase may not be over.

Bitcoin (BTC) is trading roughly 40% below its October 2025 record high near $126,000 despite its ongoing recovery.

Still, some of the cryptocurrency’s loudest bulls, including billionaire investor Tim Draper and Fundstrat’s co-founder Tom Lee, have not backed down from their $250,000 year-end prediction, a target that would require more than a threefold rally from current levels.

Is that realistic, or is Bitcoin’s latest drawdown a warning that the cycle has already peaked?

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