Despite heightened expectations for a downtrend in the cryptocurrency market, some analysts believe Bitcoin and Ethereum are approaching critical thresholds that could spark a new rally. Jordi Visser, recognized for his macroeconomic insights, stated that if current price levels are surpassed, a lasting uptrend could emerge within the year.
Key price points could trigger a trend reversal
According to Visser, a move above $76,000 for Bitcoin, accompanied by Ethereum climbing past $2,400, could mark the start of a new direction for the crypto market. These figures are seen as pivotal not only from a technical perspective but also as important psychological barriers for investors.
With Bitcoin trading around $71,646, reaching $76,000 would represent a rise of about 6.1%. Likewise, a jump for Ethereum from $2,215 to $2,400 would reflect an 8% increase.
Visser points to waning recession fears as a factor potentially supporting this bullish scenario. The analyst does not anticipate a sharp economic slowdown, arguing that such an environment could boost interest in risk assets like cryptocurrencies.
However, the prevailing market consensus is that downward pressure could persist throughout 2026. This backdrop means any potential rally is being approached with increased caution by investors and analysts alike.
Inflation and macro outlook remain in spotlight
Visser forecasts that inflation will stay elevated, prompting investors to seek alternative returns. In this context, he believes cryptocurrencies stand out as an attractive option for those looking to preserve or grow capital outside traditional markets.
Recent U.S. data shows that the Consumer Price Index climbed by 3.3% year-over-year in April, highlighting that inflation remains above the Federal Reserve’s target. This persistent inflation continues to shape both market sentiment and policy expectations.
Prediction markets reflect similar trends: recession odds for 2026 now stand at 24%, having dropped by 10 points over the past month. This shift suggests a growing confidence in economic stability, at least in the near term.
Nonetheless, some industry veterans maintain a cautious outlook. Experienced trader Peter Brandt warns that Bitcoin may not have reached its bottom yet, leaving open the possibility of a drop below $60,000.
Brandt argues such a retreat could define the cycle’s lowest point, reminding market watchers that downside risks have not been eliminated despite recent optimism.
Visser, meanwhile, challenges the classic labels of bull and bear markets when it comes to Bitcoin. He observes that while the asset can post powerful rallies, investor enthusiasm often shifts in cycles, affecting momentum and participation.
