An economist's insights on Bitcoin's market bottom and bear trap risk. Analysis of recent price drop and US economy's outlook.
Alex Krüger, a renowned economist, believes that Bitcoin may be forming a new bottom in the market after a deep correction to $78,000. He predicts that if the price floor stabilizes, Bitcoin will soon retest $92,000. Krüger also suggests that a return above $92,000 would confirm a bear trap scenario. He attributes various factors to the recent price drop, including massive selling by Michael Saylor, Solana’s collapse, and macroeconomic factors like trade tariffs and inflation expectations. However, Krüger believes the US economy is in good shape and considers a prolonged bear market unlikely.
