Experts Assess Bitcoin’s Future: “This Will Determine the Next $10,000 Move”

Following the sharp decline in the cryptocurrency market in recent weeks, attention has once again turned to macroeconomic developments. According to analysts, Bitcoin’s next move towards $10,000 will be largely driven by global economic data rather than intra-crypto dynamics.

Last month, Bitcoin lost approximately 28% of its value, returning to levels seen before US President Donald Trump’s 2024 election victory. Following this decline, the leading cryptocurrency has been fluctuating between $74,400 and $65,000. Investors are awaiting a clear catalyst to determine the market’s direction.

Ben Harvey, a researcher at the crypto investment firm Keyrock, believes the next big move will come from the macro front. According to Harvey, macroeconomic data that could alter the interest rate path, changes in US Treasury financing expectations, and institutional demand monitored through spot ETF flows will be key factors influencing price action.

Related News: Investment Giant Standard Chartered Updates Its 2026 XRP Price Target! Here Are the Details

Interest rate expectations are critically important for risk management in financial markets. Interest rate cuts following weak economic data are generally perceived positively for risky assets like Bitcoin, as they lower borrowing costs and provide liquidity to the system. However, according to CME FedWatch data, a Fed interest rate cut before June is currently considered unlikely.

Nathan Batchelor, managing partner at the crypto trading data platform Biyond, notes that the market is “taking a breather” after the recent decline. According to Batchelor, tax season and the cyclical shift of funds to the traditional financial system have also put pressure on Bitcoin in recent weeks. The analyst suggests that a sustained breakout from the $74,400-$65,000 range, either upwards or downwards, could pave the way for a new directional move towards approximately $10,000.

On the other hand, there are also those who advocate for an optimistic scenario. David Duong, Head of Global Investment Research at Coinbase, states that inflation is moderate and growth looks healthy, suggesting that bringing interest rate cuts forward to June could support risk appetite. According to Duong, the $82,000 level is a critical resistance point for Bitcoin, and regaining this level is necessary for upward momentum to strengthen.

*This is not investment advice.

Continue Reading: Experts Assess Bitcoin’s Future: “This Will Determine the Next $10,000 Move”