Bitcoin Below $75K by March: Analyst Forecasts Less Than 10%
Bitcoin's recent price dip has sparked concerns about a potential drop below $75,000. According to Derive's head of research, the likelihood of this occurring by March has risen to 9.2%, signaling growing bearish sentiment.
Analysts attribute this uncertainty to increased implied volatility and a stronger correlation between Bitcoin's price and broader market trends. Bitfinex analysts note that Bitcoin is increasingly influenced by stock market shifts and global risk sentiment, suggesting its growing integration into the overall financial ecosystem.
The last time Bitcoin traded near $75,000 was in November 2024, following the US presidential election. This marked the start of a rally that pushed Bitcoin to $100,000 within a month.
BitMEX co-founder Arthur Hayes predicts a potential decline into the $70,000-$75,000 range, which could trigger a "mini financial crisis." However, he also suggests that this could lead to a return of monetary easing policies, potentially boosting Bitcoin's price to $250,000 by 2025.
Despite the volatility, the market remains divided on Bitcoin's short-term trajectory. Experts offer varying predictions, emphasizing the uncertainty surrounding Bitcoin's price in early 2025.