Despite the recently increasing decline expectations in the cryptocurrency market, some analysts evaluate that Bitcoin and Ethereum approaching critical levels may trigger a new rise period. Jordi Visser, known for his macro analyses, stated that if the current price levels are exceeded, a permanent movement may begin within the year.
Critical levels can trigger a trend reversal
According to Visser, Bitcoin rising above $76,000 and Ethereum exceeding the $2,400 level at the same time could be the beginning of a new direction change in the market. These levels are seen as important thresholds not only from a technical perspective, but also from an investor psychology perspective.
With Bitcoin trading around $71,646, reaching $76,000 would represent an increase of approximately 6.1%. Similarly, Ethereum’s rise from $ 2,215 to $ 2,400 represents a movement of approximately 8%.
Visser states that the weakening of recession expectations may be behind this rising scenario. Stating that he does not expect a sharp contraction in the economy, the analyst thinks that this situation may support the interest in risky assets.
On the other hand, the prevailing view in the market is that the downward pressure may continue throughout 2026. This situation causes a possible rise to be viewed more cautiously.
Inflation and macro outlook discussions continue
Visser predicts that inflation will remain high. He states that in this environment, investors may seek alternative returns and crypto assets may come to the fore at this point.
According to data announced in the USA, the Consumer Price Index increased by 3.3% on an annual basis in April. This data reveals that inflation is still above target levels.
A similar picture draws attention in prediction markets. While the probability of recession for 2026 is priced at 24%, this rate has decreased by 10 points in the last 30 days.
On the other hand, some market names take a more cautious stance. Experienced trader Peter Brandt stated that Bitcoin may not have seen its bottom yet and that a move below $ 60,000 is possible.
According to Brandt, such a pullback could create the lowest level of the current cycle. This scenario shows that the market still has downside risks.
Visser, on the other hand, states that he does not find it correct to evaluate Bitcoin with classical bull or bear market definitions. He states that prices show strong increases from time to time, but investor interest periodically decreases.
