As a seasoned analyst with over two decades of experience in the financial markets, I’ve seen my fair share of bull runs and bear markets. The current state of Bitcoin (BTC) at $80,000 presents an intriguing opportunity for those who are patient and strategic.
The recent report by Bravo Research suggests that we might be on the cusp of a correction, with Bitcoin potentially mirroring the weakness in the stock market. While I’m not one to gamble on market predictions, this analysis aligns with my own observations about market cycles.
However, it’s important to remember that even the wisest of sages can be wrong sometimes. As the old saying goes, “even a stopped clock is right twice a day.” So, if you decide to buy at $80,000, don’t forget to set your alarm for when Bitcoin might hit six figures again!
In all seriousness, though, I’d advise caution. The crypto market is notorious for its volatility, and even the smartest analysts can’t predict every twist and turn. Always do your own research and never invest more than you’re willing to lose. Happy trading!
According to investment research firm Bravo Research, purchasing Bitcoin (BTC) could be a good move when its price drops to around $80,000.
As a researcher, I recently delved into our latest macro report released on December 31, entitled “Is the 2025 Bitcoin Crash Beginning?” The findings suggest a potential decline in the ‘parabolic’ strength of Bitcoin prices at the onset of 2025, as cautioned by Bravo.
Report: BTC price may match “stocks’ weakness”
As the New Year begins, Bitcoin encounters renewed challenges, with its value against the U.S. dollar hovering below the $100,000 threshold.
As a crypto investor, I’ve noticed that the continuous withdrawals from the biggest U.S. Bitcoin spot ETF, along with a lackluster stock market and a more aggressive stance from the Federal Reserve, have certainly dampened my enthusiasm for Bitcoin’s bull market.
For Bravos, there might be a shift in Bitcoin’s price trend – a potential correction – considering its current “unmistakable” phase of rapid ascent.
In stark contrast to the situation in September 2024, where stocks achieved record highs and Bitcoin underperformed, the report indicates that Bitcoin later matched the robust performance of the stock market.
“Now, we might see Bitcoin catch down to stocks’ weakness.”
A chart that was paired with it showed how Bitcoin’s value against the U.S. dollar (BTC/USD) contrasted with the S&P 500 index. In December, there was a significant difference in their trends.
Bravos stated that if Bitcoin drops in price, our strategy would be to purchase at approximately $80,000 as we anticipate further growth thereafter.
According to a recent report by CryptoMoon, there have been several suggested Bitcoin (BTC) price predictions in the past few weeks, and $80,000 is becoming a commonly mentioned figure.
Don’t count on Bitcoin ETF flows
As an analyst, I delved into how Exchange-Traded Fund (ETF) performance affects pricing, noting that the potential sell-off from BlackRock’s iShares Bitcoin Trust (IBIT), which was yet to unfold at the time of my report’s release, could further influence these trends.
According to research findings, Bitcoin ETFs are holding approximately 1.15 million Bitcoins currently, with an additional 3,000 BTC being added each day. If this trend continues, it’s estimated that the price of Bitcoin could increase by another 50% within a period of 50 days.
“However, even a slight slowdown in ETF buying could trigger a decline.”
If exchange-traded fund (ETF) inflows were to reverse direction once more, it’s possible that the Bitcoin price versus the U.S. dollar (BTC/USD) might not mirror this trend – a pattern that has been observed during their initial year of trading.
In March 2024, the price of Bitcoin dropped by 30% surprisingly, despite ETFs continuing to purchase them, as Bravos pointed out.
“So, March 2024 was a great time to sell, despite Bitcoin ETFs still accumulating.”
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2025-01-03 13:32