{"id":17141,"date":"2025-03-11T08:18:51","date_gmt":"2025-03-11T08:18:51","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=17141"},"modified":"2025-03-11T08:18:51","modified_gmt":"2025-03-11T08:18:51","slug":"heres-when-bitcoin-will-bottom-and-whats-next-industry-experts-weigh-in","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=17141","title":{"rendered":"Here\u2019s When Bitcoin Will Bottom and What\u2019s Next: Industry Experts Weigh In"},"content":{"rendered":"
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Bitcoin has now corrected 29% from its all-time high of $108,786 on Jan. 20 to a 2025 low of $76,784 during early trading in Asia on March 11.<\/p>\n

Crypto investors and traders are panic selling<\/a> again as sentiment turned sour, but this has all happened before in previous bull market cycles.<\/p>\n

Crypto analysts \u2018Rekt Capital\u2019 looked<\/a> at previous cycles, noting that the average BTC correction in 2017 was 35%, and in the 2021 cycle, it was 37%.<\/p>\n

If it is to fall between these during this market cycle, prices could drop<\/a> as low as $70,000.<\/p>\n

\"\"<\/a><\/p>\n

Patience is Key<\/h2>\n

In late February, BitMEX co-founder Arthur Hayes predicted<\/a> a fall to $70,000 as large hedge funds unwound their ETF positions to seek better yield opportunities.<\/p>\n

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\u201cBe f***ing patient,\u201d he said on March 10, reiterating that prediction that BTC would likely bottom around $70,000. A 36% correction from an all-time high is \u201cvery normal for a bull market,\u201d he added.<\/p>\n<\/blockquote>\n

He said that central banks would start adjusting their monetary policies, which is when markets will bounce back.<\/p>\n

\"\"<\/a><\/p>\n

Capriole Fund founder Charles Edwards agreed with the notion saying<\/a>, \u201cAs things get bearish, they also get more bullish,\u201d before adding:<\/p>\n

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\u201cThe worse the economic data<\/a> becomes, the more relatively discounted Bitcoin tends to get and the more likely we are to see Fed easing.\u201d<\/p>\n

\u201cIt can be wise to await a good technical recovery bounce or a key policy change instead of trying to catch falling knives,\u201d he advised.<\/p>\n<\/blockquote>\n

Recession Fears Loom<\/h2>\n

Recession fears have rattled investors who heavily sold off tech stocks and crypto assets on Monday.<\/p>\n

The S&P 500, tech-heavy Nasdaq, and Dow Jones Industrial Average all fell heavily as the American \u201cmagnificent 7\u201d shed more than $750 billion in market capitalization in one day amid the US stock rout.<\/p>\n

Leading Wall Street banks such as JPMorgan have increased their odds of a recession in 2025 and decreased their predictions for GDP growth.<\/p>\n

Ark Invest\u2019s Cathie Wood said<\/a> the \u201cmarket is discounting the last leg of a rolling recession,\u201d which will give the Trump administration and central bank \u201cmany more degrees of freedom than investors expect,\u201d leading to a recovery in the second half of this year.<\/p>\n

\"\"<\/a><\/p>\n

The post Here\u2019s When Bitcoin Will Bottom and What\u2019s Next: Industry Experts Weigh In<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin has now corrected 29% from its all-time high of $108,786 on Jan. 20 to a 2025 low of $76,784 during early trading in Asia on March 11. Crypto investors and traders are panic selling again as sentiment turned sour, but this has all happened before in previous bull market cycles. Crypto analysts \u2018Rekt Capital\u2019 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-17141","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/17141","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17141"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/17141\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17141"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17141"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17141"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}