Bitcoin, Ether near levels that could signal trend reversal: Investor
Bitcoin and Ether aren’t far from levels that could signal a trend reversal this year, despite a growing consensus across the industry calling for a bear market, says macro investor Jordi Visser.
“If we trade above $76,000 and at the same time we see Ethereum above $2,400, I believe that is the beginning of a move that will be sustainable this year because I don't think we're going to have a recession,” Visser said on the Anthony Pompliano podcast published on YouTube on Friday.
A move to $76,000 would represent an increase of 6.1% from Bitcoin’s (BTC) price of $71,646 at the time of publication, according to CoinMarketCap data. Ether’s (ETH) move to $2,400 would represent an increase of around 8%.
Inflation is going to remain high, says Visser
Traders on the prediction market Kalshi are leaning toward a similar outlook to Visser, pricing a 24% chance of a recession in 2026, down 10% over the past 30 days.
“I think inflation is going to stay elevated, and I think people are going to need to find something that is making money in a world where the S&P is not moving anywhere,” Visser said.
Jordi Visser spoke to Anthony Pompliano on Friday. Source:
Anthony Pompliano
The United States Bureau of Labor Statistics (BLS) revealed in a report published on Friday that the Consumer Price Index (CPI) in April rose 3.3% year-over-year.
Visser’s recent comments challenge the growing view across the crypto industry that 2026 still has more downside ahead, with some even calling for a move below the Feb. 6 yearly low of $60,000.
Bitcoin may fall below $60,000 yearly low
On March 31, veteran trader Peter Brandt said that this may not be the lowest level for 2026, forecasting that Bitcoin could retest or even move “slightly lower” than the price level in September or October this year.
“That would then be the bear cycle low,” Brandt said.
Related: Bitcoin charts point to $80K in April: Here’s how it may happen
Visser explained that he has never been a “big fan” of labeling Bitcoin price trends as bull or bear markets.
“Especially when we're at all-time highs. Like, at some point in there, it just seems like okay, they go up and then the normal course is at some point people don't invest as much as they have,” he said.
Magazine: Should users be allowed to bet on war and death in prediction markets
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Alcoa (AA.US): Subsequent resumption of production in the Middle East is expected to be more gradual, and new capacity planned before the war may be difficult to implement
Middle Eastern production resumption can increase supply, but the recovery speed depends on the actual economic viability of production.
Democrats achieve a landslide victory, global stock markets "plunge before rebounding," gold and silver surge—what is the market trading on?
Behind this "sharp drop followed by a rebound" in the market is a rational correction after the rapid repricing of the political landscape. Trump's veto power provides a two-way check and balance, making policy gridlock the most likely outcome, thus calming panic sentiment. However, the duration of election-driven market volatility has historically been limited; the future of the AI theme and geopolitical developments are the core variables driving the market towards the end of the year.
Astera Labs (ALAB.US) Q3 Conference Call: CFO responds to whether Scorpio X ramp-up can be sustained; CEO declares "Each generation of XPU doubles the content"
Astera Labs (ALAB.US) reported record Q3 revenue and guidance far exceeded expectations, yet its stock price dropped after hours. Management declined to comment on the customer ramp-up schedule for 2027, stating that new customers and platforms will drive continued growth.
Republicans Lost the Midterm Elections, $450 Million Down the Drain? "Big Donor" Musk Speaks Out: My Intervention Seems to Have Had No Effect
The Democratic Party achieved a sweeping victory in the US midterm elections, marking a defeat for Musk’s $445 million donation supporting the Republican Party. With the Democrats controlling Congress, uncertainty surrounding AI regulations and potential merger deals for Tesla and SpaceX is expected to intensify. Anticipation of stricter regulation for data centers in Texas is rising, putting post-market pressure on the stocks of Tesla, SpaceX, Nvidia, and CoreWeave.
Crypto prices
More
