Bitcoin, plunges to $57,000?...Experts "Follows Nasdaq"

▲ Bitcoin plunge/ChatGPT generated image

A shocking forecast has emerged that Bitcoin (BTC) could plummet to the $57,000 level, unable to overcome macroeconomic downward pressure despite its recent rebound.

According to cryptocurrency media outlet Cointelegraph on April 26 (local time), there is a high possibility that Bitcoin's price will undergo a significant correction during the process of confirming a true bottom, after passing through an "uncertainty rally," which is a short-term recovery phase. Analyst Ciaran Lyons diagnosed that the bearish warnings scattered throughout the market are currently being ignored, and investor sentiment is excessively optimistic. In particular, Bitcoin's correlation with the potential decline of the Nasdaq index was identified as a decisive factor that could drag the price down to $57,000.

This analysis calculated Bitcoin's potential decline based on Nasdaq's price floor model. Analyst Timothy Peterson analyzed that the Federal Reserve's delayed interest rate cuts could shrink market liquidity, potentially causing Nasdaq to fall by approximately 17%. Peterson warned that, based on past data, a 33% plunge (1.9 times the Nasdaq decline rate) could hit the Bitcoin market. Applying this to the current market price, Bitcoin would only find support around the $57,000 mark.

Bitcoin's price has been trying to break through its previous all-time high, maintaining the $78,000 level since 2026, but trading volume and on-chain indicators are sending bearish signals. The Market Value to Realized Value (MVRV) indicator has currently entered a danger zone, suggesting that profit-taking sell-offs could flood the market. Reporter Lyons emphasized that while many investors believe the $70,000 level is strong support, they should not forget the past example of the 2022 bear market, where the bottom formed lower than most expectations.

Macroeconomic experts predict that the uncertainty in inflation data will fuel a simultaneous decline in tech stocks and virtual asset markets. The slowdown in capital inflow into spot Bitcoin ETFs in the US and the hesitation in whale accumulation also support the bearish outlook. If Bitcoin falls to $57,000, it would be a healthy correction process to clear out excessive leverage in the market, but it could lead to substantial losses for short-term investors.

The prevailing analysis suggests that the current rebound might not be a return to a bull market but rather the last escape opportunity before a larger crash. Investors should refrain from additional purchases and focus on risk management until the $79,000 resistance level is decisively broken. With a specific figure of $57,000 presented, the market is expected to show sharp volatility in response to future Federal Reserve policy changes and Nasdaq's trends. A cautious approach is required until Bitcoin reaches its true bottom.

*Disclaimer: This article is for investment reference only, and we are not responsible for investment losses based on it. The content should be interpreted for informational purposes only.*