Bitcoin) is a cryptocurrency (BTCAccording to a market analyst, the bear market is weak and will only last 90 days. Metcalfe’s law is a good model to predict the value of Bitcoin, Timothy Peterson.
Peterson compared According to this, only four previous bear markets have lasted longer and been more severe than the current decline, including those in 2018, 2021, 2020, and 2024.
Due to the adoption patterns, the analyst predicts that BTC’s price will not fall far below $50,000. Peterson did argue that momentum would make it unlikely for BTC to fall below $80,000. The analyst continued:
“There may be a slide in the next 30 days followed by a 20-40% rally sometime after April 15. You can see that in the charts around day 120. This would probably be enough of a headline to bring weak hands back into the market and propel Bitcoin even higher.”
Crypto Markets experienced a sharp downturn Following United States President Trump’s tariffs against several US trading partner, which led to counter-tariffs for US exports. This has caused fears of an extended trade war.
Comparing every bear market between 2025 and now. Source: Timothy Peterson
Related: Is Bitcoin going to $65K? Traders explain why they’re still bearish
Fears of a trade war causes investors to flee high-risk assets
You can also contact us by clicking here. appetite for speculative assets is declining The ongoing trade conflict and macroeconomic insecurity are causing concern.
Glassnode Hot Supply metricA measure of BTC that was owned by a person for fewer than one week fell to 2.3% from only 5.9% in November 2024 during the bull market.
According to Nansen Research analyst Nicolai Seidergaard the crypto markets are set to grow. face trade war pressures until April 2025The trade tariffs could be reduced or eliminated entirely through international negotiation.
CryptoQuant’s recent analysis also confirms that the a majority of retail traders are already invested BTC has shattered long-held expectations that an influx of retail traders will inject new capital to the market and drive prices up in the short term.
This trade war is also placed Bitcoin’s safe haven narrative in doubt The price of decentralized assets collapsed in the face of tariff headlines, alongside other speculative and risky assets.
Magazine: Bitcoiners are ‘all in’ on Trump since Bitcoin ’24, but it’s getting risky
This article contains no investment recommendations or advice. Risk is inherent in every investment decision and trade. The reader should always do research prior to making any kind of decision.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: cointelegraph.com
