Svmuu News Macro investor Jordi Visser stated that Bitcoin and Ethereum are not far from key price levels that could signal a trend reversal this year, despite a growing consensus within the industry that the market has entered a bear cycle. He said: "If Bitcoin breaks above $76,000 and Ethereum breaks above $2,400, I believe that would mark the beginning of a sustainable uptrend for the year, as I do not foresee an economic recession."
Visser also stated: "I believe inflation will remain persistently high, and people will need to seek assets that can generate returns in a world where the S&P index shows no gains." The prediction market Kalshi currently prices the probability of a recession in 2026 at 24%, a 10-percentage-point decrease from the past 30 days.
Visser's view contrasts with the increasingly pessimistic expectations in the current crypto industry—some even anticipate Bitcoin falling below its year-to-date low of $60,000 from February 6. Veteran trader Peter Brandt stated on March 31 that Bitcoin could retest or even fall "slightly below" that price level in September or October this year, which would then mark the low point of this bear market. (Cointelegraph)