According to Bravos Research, a price correction could make Bitcoin (BTC) attractive to investors again. In their recent Macro Report, the agency predicts that a drop to $80,000 could be an ideal buying opportunity. With Bitcoin’s current price around $96,000, the first months of 2025 seem to be crucial.
Weak Stocks and Record Outflows in Bitcoin ETFs
Bravos Research points to several factors putting pressure on the Bitcoin market. Weak stock market performance and record outflows from the largest US spot Bitcoin ETFs are adding to uncertainty. In addition, the Federal Reserve’s strict monetary policy is causing investor reluctance.
Although Bitcoin is currently in a “parabolic phase”, the report warns of a possible sharp price drop. This is attributed to the negative correlation between Bitcoin and the stock markets.
“This is the opposite of September 2024, when stocks reached new highs while Bitcoin lagged. Now, stock market weakness could actually cause Bitcoin to fall.” aldus Bravos Research.
The impact of Bitcoin ETFs on the price
The role of Bitcoin ETFs remains a major point of discussion. Although these funds collectively own more than 1.15 million BTC and continue to accumulate approximately 3,000 Bitcoin daily, Bravos Research warns that this will not automatically lead to price increases.
“In March 2024, we saw a 30% decline even as ETFs continued to buy. In retrospect, that turned out to be a good time to sell, even though the funds were still accumulating Bitcoin.” the report states.
This highlights the complex relationship between ETF activity and market movements.
Opportunities for investors
Bravos Research sees a possible correction as an opportunity for investors.
“A correction to $80,000 would provide an excellent entry point for the next rise,” aldus Bravos Research.
With this, the research agency joins other analysts who consider the same price level as an important entry point.
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Source: https://newsbit.nl/bitcoin-koers-op-weg-naar-correctie-bravos-research-ziet-koopkans-rond-80-000/
