Analyst: Bitcoin and Ethereum are approaching key price levels, which may indicate a market trend reversal

Macro analyst Jordi Visser stated that although the market generally expects the cryptocurrency industry to enter a bear market, Bitcoin and Ethereum are less than 10% away from triggering key levels for a trend reversal.

He pointed out that if Bitcoin breaks above $76,000 and Ethereum rises above $2,400, it could mark the beginning of a sustained upward trend for the year. Visser believes that the probability of a recession in the U.S. in the short term is low, a judgment that aligns with the pricing of the prediction market Kalshi, which currently estimates the probability of a recession in 2026 to be around 24%.

He also noted that in the context of high inflation and a lack of clear growth momentum in traditional markets (such as the S&P 500), funds may continue to flow into asset classes with income potential. However, there are still divergences in the market; veteran trader Peter Brandt recently stated that the low point for Bitcoin this year may not have occurred yet, and prices could retest or even fall below the $60,000 range. Visser emphasized that the market should not be simply divided into bull and bear cycles, but should be judged from a longer-term structural and liquidity change perspective.