{"id":839954,"date":"2025-04-08T18:13:42","date_gmt":"2025-04-08T23:13:42","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/04\/08\/experts-say-crash-far-from-done-btc-headed-for-70k-bull-run-over\/"},"modified":"2025-04-08T18:13:42","modified_gmt":"2025-04-08T23:13:42","slug":"experts-say-crash-far-from-done-btc-headed-for-70k-bull-run-over","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/04\/08\/experts-say-crash-far-from-done-btc-headed-for-70k-bull-run-over\/","title":{"rendered":"Experts Say Crash Far from Done, BTC Headed for $70K: Bull Run Over?"},"content":{"rendered":"<p>Bitcoins <\/p>\n<div>\n<div id=\"blockquote-block_6229297c91429b24586482bdc3157274\">\n<ul>\n<li>10X Research CEO Markus Thielen sees the current memecoin focus as a potential market top signal, similar to DeFi and NFTs in previous cycles.<\/li>\n<li>Nansen analyst Aurelie Barthere suggests Bitcoin could test US$70-72k as part of a normal bull market correction.<\/li>\n<li>RealVision CEO Raoul Pal describes this as \u201cjust a regular correction\u201d due to liquidity tightening from a stronger dollar.<\/li>\n<li>Pal points to Bitcoin\u2019s continued progress along the logarithmic regression channel as evidence the bull market remains intact.<\/li>\n<\/ul>\n<\/div>\n<p>Crypto prices may look like they\u2019re set for a recovery, as Bitcoin has gained 2.2% in the past day, and XRP is up on news about a <a href=\"https:\/\/cryptonews.com.au\/news\/crypto-etf-update-ethereum-staking-rewards-coming-amid-xrp-filing-by-franklin-templeton-127741\/\">Fidelity ETF filing<\/a>.<\/p>\n<p>Yet, something is brewing. 10X Research founder and CEO Markus Thielen recently noted the possibility of significantly lower prices, indicating that he is not yet ready to buy the dip.<\/p>\n<h2 id=\"h-is-this-the-cycle-top-analyst-says-it-feels-like-it\">Is This the Cycle Top? Analyst Says, It Feels Like It<\/h2>\n<p>Thielen believes that just like DeFi and NFTs in past cycles\u2014where they marked the end of the bull run\u2014the current focus on memecoins could be a top signal.<\/p>\n<div id=\"blockquote-block_54617462151431e99fa0a7d2e320621a\">\n<p>This structural decline indicates a weakening foundation, making now a time for caution \u2014 not complacency. Bitcoin (BTC) is steadily heading toward $73,000 [\u2026] If history is any guide, the next major [up] move will require a new narrative.<\/p>\n<p><img decoding=\"async\" data-eio=\"l\" data-old-src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" src=\"https:\/\/cdn.cryptonews.com.au\/2024\/04\/17120736\/Markus-Thielen-10x-Research.jpg\">        Markus Thielen    <\/p>\n<\/div>\n<p>And Bitcoin could go lower still, and it wouldn\u2019t even need to be the end of the bull market yet, according to Aurelie Barthere, a lead analyst at Nansen.<\/p>\n<p><strong>Related:<\/strong><a href=\"https:\/\/cryptonews.com.au\/news\/analysts-real-reason-why-market-crashed-and-why-it-doesnt-matter-127746\/\"><strong> <\/strong><strong>Analysts: Real Reason Why Market Crashed and Why It Doesn\u2019t Matter<\/strong><\/a><\/p>\n<p>Barthere told <em>Cointelegraph<\/em> that there is potential for US$70k (AU$111.3k) <a href=\"https:\/\/cryptonews.com.au\/category\/bitcoin\/\">Bitcoin<\/a>, but it might just be the \u201corganic part of the current bull market\u201d.<\/p>\n<div id=\"blockquote-block_034b7ef54e90c5c7434e9b68fb720701\">\n<p>Next level [for Bitcoin] will be $71,000 \u2013 $72,000, top of the pre-election trading range. We are still in a correction within a bull market: Stocks and crypto have realized and are pricing; a period of tariff uncertainty and fiscal cuts, no Fed put. Recession fears are popping up.<\/p>\n<p><img decoding=\"async\" data-eio=\"l\" data-old-src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" src=\"https:\/\/cdn.cryptonews.com.au\/2025\/03\/12153107\/Aurelie-Barthere.jpg\">        Aurelie Barthere    <\/p>\n<\/div>\n<h2 id=\"h-just-a-regular-correction-agrees-pal\">Just a Regular Correction, Agrees Pal<\/h2>\n<p>Founder and CEO of RealVision, Raoul Pal, seems to agree with this view and that the bull market isn\u2019t over.<\/p>\n<p>He said that the market is \u201cfeeling the tightening in liquidity from the stronger dollar and higher rates in Q4 2024\u201d, though he believes we\u2019re behind the worst.\u00a0<\/p>\n<div id=\"blockquote-block_456977d56340f80b7f09e12ec844fc0c\">\n<p>That is almost done and financial conditions are easing fast and M2 is headed back to new highs. This is just a regular correction.<\/p>\n<p><img decoding=\"async\" data-eio=\"l\" data-old-src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" src=\"https:\/\/cdn.cryptonews.com.au\/2024\/03\/11161326\/Raoul-Pal-1.jpeg\">        Raoul Pal    <\/p>\n<\/div>\n<p>On X, he referred to previous cycles where similar corrections happened in reaction to Trump policy implementations.<\/p>\n<figure>\n<div>\n<blockquote data-width=\"500\" data-dnt=\"true\">\n<div lang=\"en\" dir=\"ltr\">\n<p>This too shall pass\u2026<\/p>\n<p>Crypto is still feeling the tightening in liquidity from the stronger dollar and higher rates in Q4 2024. That is almost done and financial conditions are easing fast and M2 is headed back to new highs.  This is just a regular correction\u2026 1\/ <a href=\"https:\/\/t.co\/P2XH4h50nF\">pic.twitter.com\/P2XH4h50nF<\/a><\/p>\n<\/div>\n<p>\u2014 Raoul Pal (@RaoulGMI) <a href=\"https:\/\/twitter.com\/RaoulGMI\/status\/1899074736899997967?ref_src=twsrc%5Etfw\">March 10, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>Pal uses the log chart to zoom out and note that we \u201ckeep climbing the log regression channel\u201d.<\/p>\n<p><strong>Related:<\/strong><a href=\"https:\/\/cryptonews.com.au\/news\/us-crypto-legal-update-stablecoins-trump-debanking-order-and-irs-crypto-rule-127737\/\"><strong> <\/strong><strong>US Crypto Legal Update: Stablecoins, Trump Debanking Order and IRS Crypto Rule<\/strong><\/a><\/p>\n<p>So, in his view, the bull market is not cancelled \u2013 though that\u2019s what everyone else was saying at the end of the last cycle.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXdA-M-hrE8hS57XHzBGLTjueumZeltZyCzACATLaBrS0vnagoCVCi-Emz9AnjNIz1FdZ8Ri5YUFYr3_4x_90or7R5SF7aG2o7gLMem2AWe6h85_veitUwAu6qu_GRZa7zzoUZYL?key=EyHabcY6z4kv6ewkpz8X8p-W\" alt data-eio=\"l\" data-old-src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\"><figcaption>Source: Raoul Pal via X<\/figcaption><\/figure>\n<div id=\"blockquote-block_4f4d9cf86446f9283d0b969526be40d3\">\n<p>Whether we stay at the m[e]an (red) or climb above it by another standard deviation or two remains to be seen as the cycle develops.<\/p>\n<p><img decoding=\"async\" data-eio=\"l\" data-old-src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" src=\"https:\/\/cdn.cryptonews.com.au\/2024\/03\/11161326\/Raoul-Pal-1.jpeg\">        Raoul Pal    <\/p>\n<\/div><\/div>\n<p> Aaron Feuerstein <a href=\"https:\/\/cryptonews.com.au\/news\/experts-say-crash-far-from-done-btc-headed-for-70k-bull-run-over-127748\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>10X Research CEO Markus Thielen sees the current memecoin focus as a potential market top signal, similar to DeFi and NFTs in previous cycles. Nansen analyst Aurelie Barthere suggests Bitcoin could test US$70-72k as part of a normal bull market correction. RealVision CEO Raoul Pal describes this as \u201cjust a regular correction\u201d due to liquidity<\/p>\n","protected":false},"author":1,"featured_media":839955,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2199,4371],"tags":[11476],"class_list":["post-839954","post","type-post","status-publish","format-standard","has-post-thumbnail","category-crash","category-experts","tag-bitcoins"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/839954","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=839954"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/839954\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/839955"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=839954"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=839954"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=839954"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}