12.03.2025 13:23
According to Nansen analysts, the potential pullback of Bitcoin to $70,000 is considered a "macro correction" expected within the bull market. Cryptocurrency experts emphasize that the decline Bitcoin is experiencing is an organic process despite concerns about a bear market, and they maintain their predictions that Bitcoin will be above $160,000 by the end of 2025.
The 14% drop resulting from Donald Trump's executive order to create a Bitcoin reserve not meeting expectations has raised concerns among investors, but experts interpret the situation differently. Arthur Hayes, co-founder of BitMEX, points out that "a 36% correction from $110,000 is very normal for a bull market," emphasizing that there is no significant change in the overall market direction.
Central Bank Easing Policies Offer Hope for Bitcoin
Bitcoin (BTC) lost more than 14% last week, pricing at around $80,708. The main reason for this drop is attributed to the absence of direct federal Bitcoin investments in President Donald Trump's executive order dated March 7.
Aurelie Barthere, the chief research analyst at the Nansen crypto intelligence platform, stated that cryptocurrencies and global markets are undergoing a "macro correction." Barthere indicated the next level would be $71,000 - $72,000, which will be the upper limit of the pre-election trading range.
Despite the drop in Bitcoin prices, analysts still maintain their optimistic views. Iliya Kalchev, an analyst at Nexo's digital asset investment platform, noted that Bitcoin could experience a deeper pullback towards the "low $70,000 range," which could provide a foundation for a "more sustainable recovery."
Arthur Hayes, co-founder of BitMEX and chief investment officer of Maelstrom, also emphasized the need for patience in a tweet on March 11. Referring to central banks' easing policies, Hayes stated, "We will see the Fed, PBOC, ECB, and BOJ all easing to make their countries great again."
Experts remind that quantitative easing has historically had a positive effect on Bitcoin prices. During the last period of quantitative easing, Bitcoin's price rose from $6,000 in March 2020 to $69,000 by November 2021, showing an increase of over 1,050%.