Bitcoin and Ether Approach Key Levels That Could Signal Market Trend Reversal

Bitcoin and Ether are approaching price levels that could indicate a potential trend reversal in the crypto market, according to macro analyst Jordi Visser. Despite growing sentiment that a bear market may continue through 2026, Visser believes a sustained recovery could begin if both assets cross key resistance levels.

Bitcoin moving above $76,000 and Ether rising beyond $2,400 would likely mark the start of a more durable upward move this year. At current levels, Bitcoin trading near $71,646 would need to gain approximately 6.1%, while Ether at around $2,214 would require an increase of roughly 8% to reach those thresholds.

Inflation Outlook and Recession Expectations Shape Market Sentiment

Visser noted that persistent inflation could support alternative assets such as cryptocurrencies. He argued that investors may seek returns outside traditional equities if stock market growth remains limited. Recent data from the U.S. Bureau of Labor Statistics (BLS) showed the Consumer Price Index (CPI) increased 3.3% year-over-year in April, reinforcing expectations that inflation may remain elevated.

Prediction market data also reflects shifting sentiment, with recession expectations for 2026 falling to 24%, down 10% over the past 30 days.

Mixed Forecasts as Some Traders Expect Further Declines

Not all analysts share an optimistic outlook. Veteran trader Peter Brandt suggested Bitcoin could still fall below its Feb. 6 yearly low of $60,000, possibly retesting levels seen during September or October 2026 before forming a long-term bottom.

Visser, however, cautioned against rigid bull-versus-bear classifications, noting that market cycles often shift gradually rather than through clearly defined turning points.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.