"There is no recession"...Bitcoin and Ethereum, starting to surge together?

▲ Bitcoin (BTC), Ethereum (ETH)/ChatGPT generated image

Bitcoin (BTC) and Ethereum (ETH) have reached a critical juncture. At the same time, a strong trend reversal that could overturn bearish arguments has been foreshadowed.

Macro investor Jordi Visser analyzed that the virtual asset market has entered a new phase in a podcast interview with Anthony Pompliano on April 12 (local time). Visser predicted that if Bitcoin surpasses $76,000 and Ethereum breaks above $2,400, the upward trend would continue. At current prices, Bitcoin needs an additional 6.1% increase, and Ethereum needs about 8%.

The robustness of the U.S. economy supports the bullish argument. Visser was confident that a recession would not occur. Inflation is still expected to remain high. Kalshi traders, a prediction market, also set the probability of a recession at a low 24%. In an environment of abundant liquidity, Bitcoin is functioning as an asset that provides real returns.

This outlook directly contradicts existing pessimism. Veteran trader Peter Brandt had warned of further declines. Brandt analyzed that Bitcoin could fall below $60,000. He predicted a retest of the bottom in the second half of the year. However, Visser opposed simply dividing the market into bear and bull markets.

Volatility during the asset allocation process should not be seen as a bearish signal. When prices peak, investors adjust their portfolios. This is a natural market flow. Visser emphasized that macroeconomic conditions and psychological shifts are key drivers of price. He pointed out the need for a flexible perspective rather than defining the market with specific price tags.

Ultimately, the market's attention is focused on the figures identified by Jordi Visser. Breaking above $76,000 is a critical threshold that will turn market fear into conviction. It is expected to act as a psychological catalyst signaling a complete transition to a bull market. Investors are closely watching for a breakout of key resistance levels and implementing new response strategies.

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