Analysts are divided on the future of Bitcoin’s price following a drop below $80,000. Arthur Hayes predicts a bottom near $70,000 based on historical patterns, while Michaël van de Poppe believes a recovery is imminent. However, recession concerns lead to predictions of a further decline to $50,000 from figures like Doctor Profit and Adaora Nwankwo.

Recent fluctuations in Bitcoin’s price have led analysts to propose differing predictions regarding its potential bottom following its decline below $80,000. These forecasts stem from a variety of analyses, including historical trends, macroeconomic factors, and technical insights.

Arthur Hayes, the co-founder of BitMEX, estimates Bitcoin will touch a bottom around $70,000, citing a historical pattern where Bitcoin typically experiences a 36% correction from its all-time high (ATH) during bullish cycles. He stated, “Be patient. BTC likely bottoms around 70,000 USD. 36% correction from 110,000 USD ATH, normal for a bull market.” Hayes also advised traders to monitor for specific signs, such as a stock market crash or insolvencies in major financial institutions, indicating favorable conditions for capital allocation.

In contrast, Michaël van de Poppe, founder of MNCapital, maintains a more positive outlook, asserting that Bitcoin has already bottomed and anticipates a recovery via a double-bottom pattern. He remarked, “Double bottom retest on Bitcoin and, finally, a relatively quick bounce upwards. I’d like to see $82,500 – $83,500 break. If that happens, we’ll see an even stronger move upwards.” Nevertheless, he acknowledged that a deeper decline remains a possibility.

With growing recession anxiety in the United States, some experts are bracing for adverse outcomes. Investor Doctor Profit warned that a potential outcome could see Bitcoin drop to $50,000, describing such a scenario as a “black swan” event in 2025. “Bitcoin entry – Recession scenario. Orders are set, preparing to hunt the wicks,” he asserted.

Adaora Favour Nwankwo, an ambassador at CoinEx, echoed Doctor Profit’s sentiments, highlighting that Bitcoin’s price movement remains closely linked to economic indicators. She predicted, “Here’s a possible scenario: If a recession occurs, Bitcoin’s maximum potential decline is around $50,000. If no recession happens, the bottom price range is expected to be between $70,000 and $75,000.” At the time of reporting, Bitcoin (BTC) was trading at approximately $81,000, representing a 14% decrease from its March peak of $95,000.

Various analysts provide differing outlooks on Bitcoin’s price trajectory. Arthur Hayes suggests a bottom around $70,000 based on historical patterns, while Michaël van de Poppe indicates a potential recovery. Conversely, fears of a recession lead some, like Doctor Profit and Adaora Nwankwo, to predict a deeper drop to $50,000 if negative economic conditions materialize. Currently, Bitcoin is experiencing a decline.

Original Source: beincrypto.com

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