Summary
- Jordi Visser said a sustainable rally could begin this year if Bitcoin climbs above $76,000 and Ether tops $2,400 at the same time.
- Based on current prices, Bitcoin would need to rise about 6%%, while Ether would require an additional 8%% gain.
- He cited inflation and a sideways stock market as reasons for potential upside, while some market participants continue to raise the possibility of Bitcoin falling below $60,000.
Forecast Trend Report by Period
Bitcoin and Ether could reverse course this year if they break above key price levels, according to an analysis cited by Cointelegraph.
Cointelegraph reported on June 12 that macro analyst Jordi Visser said in a recent interview that a sustainable rally could begin this year if Bitcoin climbs above $76,000 and Ether tops $2,400.
Based on current prices, Bitcoin would need to rise about 6%, while Ether would need an additional gain of roughly 8% to reach those levels.
Visser based that view on what he sees as a low likelihood of a recession. He said inflation will remain elevated and that investors will seek assets that can generate returns if stocks continue to trade sideways.
Recent U.S. consumer price index data showed inflation remained high, with CPI rising 3.3% from a year earlier.
Still, bearish views persist in the market. Some participants have raised the possibility that Bitcoin could fall back below $60,000, its low for the year.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
