Analyst Says Bitcoin Above $76K And Ether Above $2,400 Signal Trend Reversal
Key Takeaways
- BTC above $76,000 and ETH above $2,400 could signal a durable trend reversal.
- Macro analyst Jordi Visser says these levels could spark a sustained move this year.
- Bearish sentiment persists despite reversal signals among major crypto market participants.
Bitcoin and Ether Near Key Levels
Macro analyst Jordi Visser told the Anthony Pompliano podcast that Bitcoin and Ether are approaching levels that might indicate a trend reversal.
“Macro analyst Jordi Visser says bitcoin and ether are both within striking distance of price levels that could confirm a trend reversal, even as a growing chorus of industry voices calls for further downside”
Visser said, If we trade above $76,000 and at the same time we see Ethereum above $2,400, I believe that is the beginning of a move that will be sustainable this year.
At the time of publication, Bitcoin was trading around $71,646, meaning a move to $76,000 would represent a gain of roughly 6.1%.
Traders on the Kalshi prediction market are leaning toward a macro outlook similar to Visser's, pricing a 24% chance of a recession in 2026.
The United States Bureau of Labor Statistics revealed that the Consumer Price Index in March rose 3.3% year-over-year.
Divergent Market Views
Visser's comments challenge the growing view that 2026 still has more downside ahead.
Veteran trader Peter Brandt forecasted that Bitcoin could retest or move slightly lower than the price level in September or October.
Visser explained that he has never been a big fan of labeling Bitcoin price trends as bull or bear markets.
Alphractal CEO Zhao Wedson noted that large investors are currently opening short positions on altcoins, while retail investors are doing the opposite.
Historically, such a concentration of shorts leads to a sharp correction.
Supply Chain Under Scrutiny
Rahman Textile produced clothing for several European fashion brands, including Hessen and BrandBox.
“Expert Identifies Bitcoin Level for Bullish Trend Confirmation Bitcoin and Ethereum near levels indicating trend reversal despite bear market concerns”
Both companies said they were deeply saddened and would review their Bangladesh operations.
Hessen's compliance team had audited the factory in March.
Rahman Textile owner Faisal Rahman issued a statement claiming the factory had passed its most recent safety inspection in January.
Clean Clothes Campaign spokesperson Ineke Zeldenrust told the Guardian that the audit system was fundamentally broken.
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