Analysts: "Another Bitcoin Drop Could Lead to a Reboot"
Crypto analysis firm DeFi Report, in its latest macroeconomic analysis, warns that a potential final wave of decline for Bitcoin could restructure the market and set the stage for a new bull cycle. While the US economy appears strong on the surface, bond market signals and economic indicators suggest the Federal Reserve may not be finished raising interest rates. Key vulnerabilities include a cooling labor market, low personal savings, and a significant drop in housing starts.
Although Bitcoin has shown resilience around $65,000 compared to equities, analysts warn that a broader sell-off in risk assets, reflected in an 8-9% drop from the NASDAQ's peak, could impact crypto markets. The report suggests the crypto market has largely weathered its bear season but may face a final "rocky landing" capitulation wave under macroeconomic pressure. In this scenario, analysts anticipate Bitcoin could retreat to the $55,000 level. Such a decline, they argue, would fully clear market excesses and create a solid foundation for a sustained future uptrend.
cryptonews.ru07/30 20:11
