Bitcoin Bear Market May End Soon, Analyst Predicts 20-40% Rally Ahead
Cryptocurrency analyst Timothy Peterson has shared his insights into the ongoing Bitcoin bear market, offering a historical comparison and forecasting a potential recovery in the coming months.
Peterson highlighted that since 2015, Bitcoin has faced ten bear markets, each marked by a drop of at least 20% from its all-time high. While these corrections are not uncommon, occurring roughly once a year, only a few have lasted longer than the current downturn, including those in 2018, 2021, 2022, and 2024.
Despite the ongoing bear market, Peterson emphasized that the current decline is relatively mild. His analysis suggests that Bitcoin’s price is unlikely to dip below $50,000, supported by strong underlying market sentiment. Additionally, he pointed out that Bitcoin’s momentum makes it unlikely to fall below $80,000, especially with central banks shifting towards more accommodative monetary policies.
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Looking ahead, Peterson predicted that the bear market could conclude within the next 90 days. He anticipates a possible short-term dip in the next month, followed by a robust recovery, potentially pushing Bitcoin’s price up by 20-40% after mid-April. Peterson believes this recovery could attract renewed media attention, encouraging more investors to reenter the market and further drive up Bitcoin’s value.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
