Analysts shared on a bottom at $ 50,000 or 70,000

These predictions linked to Bitcoin are based on different perspectives, including historical patterns, macroeconomic factors and technical analysis. Where could Bitcoin find its bottom? Arthur Hayes, co-founder of Bitmex, believes that Bitcoin will reach a floor around $ 70,000.

Its argument is mainly based on historical trends. Indeed, since the latter show that the BTC generally drops 36 % compared to its ATH during a bullish cycle. “Be patient. The BTC is probably looking at a bottom at $ 70,000. Or a correction of 36 % from an ath of $ 110,000, normal for a bull market, “said Arthur Hayes. The expert has even described a more detailed strategy advising traders to seek signs such as a stock market crash, the bankruptcy of a large institution or even an injection of liquidity of large central banks. When these conditions align, he considers that it will be time to allocate capital again. In a post, Hayes also explained that he also expects Bitcoin to see his price increase considerably from his floor, powered by the Liquidity injections of the Fed, as after the COVVI-19 crisis. In parallel, Michaël Van de Poppe, founder of MNCapital and experienced investor, has a more optimistic perspective. He believes that Bitcoin has already reached its bottom and is now ready to straighten through a double bottom scheme. Bitcoin course floor scenario. Source: Michaël Van de Poppe “Rettest du double hollow on Bitcoin and, finally, a relatively fast rebound upwards. I would like to see the resistance at $ 82,500 – $ 83,500 break up. If this happens, we will see an even stronger movement upwards, ”said Michaël Van de Poppe. Despite his upward perspective, he did not exclude the possibility of a deeper decline. A recession to lower the bottom? While concerns about a recession in the United States is increasing, some analysts are preparing for a worst scenario in which Bitcoin would plunge even more. The investor Doctor Profit warned that such an event could become a “black swan (Black Swan)” in 2025, pushing Bitcoin to $ 50,000. Bitcoin course recession scenario. Source: Doctor Profit Doctor Profit shared its strategy, announcing massive purchases with the majority of its liquidity between $ 50,000 and $ 60,000. For his part, Adaora Favour Nwankwo, ambassador at Coinet, shares the perspective of Doctor Profit. She also noted that the trajectory of the Bitcoin price is closely linked to economic indicators, and the next CPI data could have a considerable impact on its movement. “Here is a possible scenario: if a recession occurs, the potential decline of Bitcoin is located at around $ 50,000. If no recession occurs, the Bottom price range should be between $ 70,000 and $ 75,000, “according to its predictions. At the time of writing, the Bitcoin course (BTC) is installed at $ 81,000 after an annual drop of 13 %. Morality of history: Ten predictions from Bittom de Bitcoin are better than. Notice of non-responsibility Non-responsibility notice: In accordance with the guidelines of The Trust Project, BEINCRYPTO undertakes to provide impartial and transparent information. This article aims to provide exact and relevant information. However, we invite readers to verify the facts of their own and consult a professional before making a decision on the basis of this content.

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