Bitcoin’s Potential Bottom: Expert Predictions
After the price was below $80,000 on Monday, industry experts raised various potential bottoms for Bitcoin.
These predictions depend on different perspectives, including historical patterns, macroeconomic factors and technical analysis.
Where can I find the bottom of Bitcoin?
Bitmex co-founder Arthur Hayes believes Bitcoin The lowest point will be about $70,000. His argument is based on a historical trend that shows Bitcoin’s all-time high (ATH) declined by 36% in the bull cycle.
“Be patient. The lowest point of BTC may be around $70,000. Corrected from $110,000 ATH 36%, the bull market is normal,” Hayes predict.
He outlines a more detailed strategy that advises traders to look for signs such as stock market crashes, major traditional financial institutions, and central banks such as the Fed, PBOC, ECB and BOJ Inject liquidity. When these conditions remained consistent, he thought it was time to allocate capital.
In personal blog posts, Hayes also predict Driven by the Fed’s liquid injection, the Bitcoin surged at least ten times from the bottom, just like what happened during the Covid-19 crisis.
However, Mncapital founder Michaël Vande Poppe has a more optimistic outlook. He believes that Bitcoin has bottomed out and will recover through a double bottom mode.
“Double bottom retest on Bitcoin, and ended up with a relatively fast rebound. I would like to see $82,500 – $83,500 rest. If that happens, we’ll see a stronger move forward,” Michaël Vande Poppe predict.
Although he appears promising, he has not ruled out the possibility of a deeper decline.
As The rise of recession in the United Statessome analysts are preparing for the worst case scenario, with Bitcoin further investing. Investor doctor profit warns that such an event could become “Black swan” In 2025, Bitcoin will be reduced to $50,000.
“Bitcoin Enters – Recession Plan. Set Orders, Prepare to Hunting Wicks,” Doctor Profit Comment.
Adaora Fraion Coinex ambassador Nwankwo shared his views on doctors’ profits. She also noted that Bitcoin’s price trajectory is closely related to economic indicators, and the upcoming CPI data could seriously affect its movement.
“This is a possible scenario: If a recession occurs, the maximum potential decline in Bitcoin is about $50,000. If there is no recession, the minimum price range is expected to be between $70,000 and $75,000.” predict.
At the time of writing, Bitcoin (BTC) is trading at about $81,000, down 14% from its March high.
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