📉 Bitcoin at a Crossroads: $60K Support or a Slide to $10K? Expert Outlooks 📊
The crypto market is facing a tough stretch. With BTC down for the fourth consecutive month and January marking its worst start in five years, investors are asking: where is the bottom?
Here’s a breakdown of the latest institutional views:
🛡 Bernstein: The $60,000 Safety Net
Bernstein analysts expect the current bearish phase to bottom out around $60,000—the peak of the previous cycle. The silver lining? They forecast a strong recovery phase starting in the first half of 2026.
🐻 Bloomberg: A Harsh Reality Check?
Mike McGlone is sounding the alarm, drawing parallels between 2026 and the crises of 2000 and 2008. He sees $50,000 as the first target, with a potential "worst-case" drop to $10,000 if macro volatility spikes.
🏛 The "Warsh Factor" & The Fed
The potential appointment of Kevin Warsh as Fed Chair is creating waves.
The Concern: Warsh is known for being hawkish on the Fed’s balance sheet, calling it "trillions" larger than necessary.The Impact: Any aggressive balance sheet reduction could drain liquidity from risk assets like Bitcoin and precious metals.
📊 Technical Levels to Watch (QCP Capital)
Bitcoin is currently fighting to stay above the critical $74,500 mark. Analysts warn that a sustained close below $74,000 could open the doors to 2024 price ranges.
Currently, BTC is trading ~38% below its October ATH of $126,080.
What’s your move?
🚀 Buying the dip at $60k?
📉 Waiting for lower entries?
💬 Let’s discuss in the comments!
#Bitcoin #BTC #CryptoNews #Fed #Bernstein