The economist in the network, Timothy Peterson, warns that if the price cuts in the United States are stopped in 2025, this may cause a wider decrease in the market, which may withdraw Bitcoin again about $ 70,000.
“What you need is the trigger. I think this trigger may be simple as the federal reserve does not reduce the rates at all this year,” Peterson He said In the publication of March 8. Peterson’s comment comes just one day after the Federal Reserve Chairman Jerome Powell repeated that he is not in a hurry to control interest rates.
The delay in reducing the federal reserve rate may cause the bear market
“We do not need to be in a hurry and we are in a good position to wait for greater clarity,” Powell He said In a speech in New York on March 7.
source: Timothy Peterson
Peterson, the author of the book “Metcalfe Law as a Bitcoin Value Value”, estimated the Nasdak’s decrease in the Pitcoin (BTC) capabilities in the “Next Bear Market”.
Using the minimum Peterson Nasdaq model, Peterson estimated that the bottom will take about seven months to form, with the NASDAC exchange by 17 % during this period.
With a double application “1.9” times to a decrease in Bitcoin, a 33 % decrease in Bitcoin, which raised it to $ 57,000 from its current price in the post, 86,199 dollars, According to To CoinmarketCap data.
source: Timothy Peterson
However, Bitcoin said that it is likely to decrease to this extent, expecting a closer to $ 70,000 domain low based on historical trends than 2022.
He said, “The merchants and opportunists are hovering on bitcoin like eagles,” explaining that once the market expects Bitcoin to reach $ 57,000, “it will not reach there because there are always some investors who intervene because the price is” low enough. “
Low from Bitcoin 2022 has not decreased as expected
“I remember in 2022 when everyone said that the bottom would be 12 thousand dollars. He said before it rose by 25 % from 57,000 dollars.
The last time Bitcoin was traded at the price level of $ 71,000 on November 6, after Donald Trump won the American elections, before the gathering for a month and up to $ 100,000 by December 5.
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In January 2025, the co -founder of Bitmex Arthur Hayes chanted a similar prediction.
“I call for a correction from 70 thousand dollars to 75 thousand dollars in BTC a mini -financial crisis, and the resumption of printing money that will be sent to us to $ 250,000 by the end of the year,” He said On January 27.
In December 2024, Blockware told Crypto Mining Solutions that the “Bear case” for Bitcoin for 2025 will be $ 150,000, assuming that the Federal Reserve Craft reflects the cuts in interest rates.
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