Potential Market Downturn Warning
Network economist Timothy Peterson cautions that if the US Federal Reserve delays rate cuts in 2025, it could trigger a broader market decline, potentially pulling Bitcoin back to $70,000. This could eventually disturb the whole crypto market.
Peterson, known for his work on Bitcoin's value, used a model to estimate potential market movements. While he predicted a 33% drop in Bitcoin to $57,000, he believes historical trends indicate a floor price closer to the low $70,000 range.
Other experts have also shared varying price predictions for Bitcoin, with some foreseeing a correction to $70,000-$75,000 before a surge to $250,000 by year-end. Overall, caution and market observation are advised in the volatile crypto landscape.
