Bitcoin and Ether are each less than 10% away from price levels that could signal a potential reversal in the crypto market, according to macro analyst Jordi Visser.
Visser stated that if Bitcoin trades above $76,000 and Ethereum exceeds $2,400, it could mark the beginning of a sustainable upward movement this year. He expressed confidence that a recession is unlikely, as he discussed on the Anthony Pompliano podcast.
At the time of publication, Bitcoin was priced at $71,646, indicating a 6.1% increase needed to reach the critical level. For Ether, an increase of around 8% is required to hit the $2,400 mark.
Market Sentiment and Inflation Outlook
Visser’s perspective contrasts with a growing consensus in the crypto industry that anticipates a bear market. Traders on the prediction market Kalshi have assigned a 24% chance of a recession occurring in 2026, a decrease of 10% over the past month.
Visser believes inflation will remain high, suggesting that investors will seek profitable opportunities in a stagnant S&P market. His comments come in light of a report from the United States Bureau of Labor Statistics indicating that the Consumer Price Index (CPI) rose 3.3% year-over-year in April.
Contrasting Predictions for Bitcoin’s Future
Visser’s outlook challenges the prevailing sentiment that Bitcoin may experience further declines. Some analysts, including veteran trader Peter Brandt, have predicted that Bitcoin could retest or fall below its yearly low of $60,000 established on February 6.
Brandt suggested that this could represent the bear cycle low for the year. Visser, however, has expressed skepticism about labeling Bitcoin price trends as strictly bull or bear markets, especially during periods of all-time highs.
Conclusion on Market Dynamics
As Bitcoin and Ether approach these pivotal price levels, the market remains divided on the potential for a trend reversal. Visser’s insights highlight the complexities of current market dynamics, particularly in relation to inflation and investor sentiment.
This article was produced by NeonPulse.today using human and AI-assisted editorial processes, based on publicly available information. Content may be edited for clarity and style.
