Insight: If BTC surpasses $76,000 and ETH surpasses $2,400, a trend reversal may be in store
By: theblockbeats.news|2026/04/12 14:12:51
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BlockBeats News, April 12th, according to Cointelegraph, macro investor Jordi Visser stated that the key levels indicating a possible trend reversal for Bitcoin and Ethereum are not far away, despite an increasing belief within the industry that the market has entered a bearish cycle. He said: "If Bitcoin breaks $76,000 and Ethereum breaks $2,400 at the same time, I think this will mark the start of a sustainable uptrend for the year, as I don't anticipate an economic recession."
Visser also mentioned: "I believe inflation will remain high, and people will need to find profit-generating assets in a world where the S&P index shows no gains." The Kalshi prediction market currently prices the probability of an economic recession in 2026 at 24%, down 10 percentage points from the past 30 days.
Visser's outlook contrasts with the increasingly pessimistic expectations in the current crypto industry—some even anticipate Bitcoin dropping below the year-to-date low of $60,000 on February 6th. Veteran trader Peter Brandt stated on March 31st that Bitcoin might retest this price level in September or October this year, potentially going even "slightly below," marking the low point of this bear market cycle.
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