Bitcoin, falls to $57,000?...Experts "Follows Nasdaq"

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A shocking forecast suggests that Bitcoin (BTC) could fall to the $57,000 level, failing to overcome macroeconomic downward pressure despite its recent rebound.

According to crypto media outlet Cointelegraph on April 26 (local time), Bitcoin's price is highly likely to undergo a significant correction as it moves past a short-term recovery phase, or uncertainty rally, to confirm a true bottom. Analyst Ciaran Lyons diagnosed that current bearish warnings in the market are being ignored and investor sentiment is overly optimistic. In particular, Bitcoin's correlation with the potential decline of the Nasdaq index was identified as a decisive factor that could drag the price down to $57,000.

This analysis calculated Bitcoin's potential decline based on the Nasdaq's price floor model. Analyst Timothy Peterson analyzed that the Federal Reserve's delayed interest rate cuts could shrink market liquidity, potentially causing the Nasdaq to drop by approximately 17%. Peterson warned that, based on historical data, a 33% crash, which is 1.9 times the Nasdaq's decline rate, could hit the Bitcoin market. Applying this to the current price, Bitcoin would only form a support level around $57,000.

Bitcoin's price has been trying to break its previous high, maintaining the $78,000 level since 2026, but trading volume and on-chain indicators are sending bearish signals. The Market Value to Realized Value (MVRV) indicator has entered a danger zone, suggesting that profit-taking selling pressure could flood the market. Reporter Lyons emphasized that many investors believe the $70,000 level is strong support, but they should not forget the past example of the 2022 bear market where the bottom formed lower than most expectations.

Macroeconomic experts predict that uncertainty in inflation data will fuel a simultaneous decline in tech stocks and the crypto asset market. The slowdown in capital inflows into spot Bitcoin ETFs in the US and the hesitation in whale accumulation also support the bearish outlook. If Bitcoin falls to $57,000, it would be a healthy correction process to flush out excessive leverage from the market, but it could cause massive losses for short-term investors.

The prevailing analysis is that the current rebound might not be a return to a bull market but rather a last escape opportunity before a larger crash. Investors should refrain from additional purchases and focus on risk management until the $79,000 resistance level is decisively broken. With a specific figure of $57,000 presented, the market is expected to show sharp volatility in the future, depending on the Federal Reserve's policy changes and Nasdaq's movements. A cautious approach is required until Bitcoin reaches its true bottom.

*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.*