Opinion: If BTC breaks above $76,000 and ETH surpasses $2,400, a trend reversal may occur.
ChainCatcher news, according to Cointelegraph, macro investor Jordi Visser stated that Bitcoin and Ethereum are not far from key price levels which may signal a trend reversal this year, despite increasing opinions within the industry that the market has entered a bear cycle. He said: “If Bitcoin breaks above $76,000 and Ethereum surpasses $2,400, I believe this will mark the start of a sustainable rally this year, as I do not expect a recession.”
Visser also said: “I believe inflation will remain high, and people will need to find profitable assets in a world where the S&P Index sees no gains.” On prediction market Kalshi, the probability of a recession in 2026 is currently priced at 24%, down 10 percentage points over the past 30 days. Visser’s view contrasts with the growing pessimism within the crypto industry—some even expect Bitcoin to drop below this year’s low of $60,000 on February 6. Veteran trader Peter Brandt stated on March 31 that Bitcoin may retest or even “slightly undercut” that price level in September or October this year, which would mark the cycle’s bear market low.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The probability of "Bitcoin hitting $75,000 in April" on Polymarket has decreased to 59%
WLFI CEO Zach Witkoff responds to a recent article questioning WLFI, pointing out multiple errors.
