The Timothy Peterson network economist warns that if the US Federal Reserve maintains the rate reduction in 2025, this may cause a wider slowdown in the market, potentially dragging bitcoins back in the direction of USD 70,000.

“I need a trigger. I think the trigger can be as simple as Feder he said In the post of March 8. Peterson’s comment only appears a day after the chairman of the Federal Reserve Jerome Powell repeated that he was in no hurry to adjust the interest rates.

Delay in reduction of the Fed rate can cause bears

“We don’t have to hurry and we are well prepared to wait for greater brightness,” Powell he said In a speech in Modern York on March 7.

Peterson, who is the author of the article “Metcalfe Law as a Bitcoin value model”, estimated how low Nasdaq may fall to predict the potential bottom of Bitcoin (BTC) on the “next bear market”.

Using the NASDAQ Peterson, the lowest price, Peterson estimated that the creation of DNA will take about seven months and Nasdaq would fall by 17% during this period.

Using the “1.9” multiplier, to this amount for Bitcoin’s decrease, he estimated a 33% decrease in bitcoins, reducing it to USD 57,000 from the current price in the publication, 86 199 USD, According to For Coinmarketcap data.

He said, however, that Bitcoin would probably not fall so far, expecting the lower one closer to the low range of USD 70,000 based on historical trends from 2022.

“Traders and opportunists float over Bitcoins like vultures,” he said, explaining that when the market expects Bitcoin to reach $ 57,000, “will not reach there, because there are always some investors who are entering because the price is” enough low “.

Bitcoin with a low level of 2022 did not fall as expected

“I remember in 2022, when everyone said that the bottom would be $ 12,000. Only 16 thousand went USD, 25% higher than expected, “he said before he indicated that an boost of 25% of USD 57,000 is USD 71,000.

The last time Bitcoin traded at a price level 71,000 USD on November 6, after Donald Trump won the US election before he gathered for a month and reached $ 100,000 by December 5.

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In January 2025, the co -founder of Bitmex Arthur Hayes repeated a similar price forecast.

“I call on a correction from 70,000 USD up to USD 75,000 in BTC Mini Financial Crisis and resumption of printing money that will send us to USD 250,000 until the end of the year “, Hayes he said In the post on January 27.

In December 2024, Crypto Mining Solutions Blockware Solutions said that the “bear case” Bitcoin for 2025 would be USD 150,000, assuming that the Federal Reserve reversed the rate of interest rates.

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