David Hunter, Chief Macro Strategist, warned in a recent interview that Bitcoin's price could decline to $50,000. Hunter, who previously forecasted a drop from over $100,000 to around $75,000, reiterated his bearish outlook despite the cryptocurrency's recent movements.
During a podcast hosted by Bitcoin analyst Natalie Brunell, Hunter discussed potential downside risks. The strategist highlighted that while Bitcoin has shown some resilience, the momentum might not be strong enough to prevent a further correction. The $50,000 level is seen as a significant support that could be tested in near-term trading sessions.
Hunter's previous call for Bitcoin to fall from above $100,000 to $75,000 materialized, which adds weight to his current projection. His cautious stance contrasts with more optimistic views circulating in the market, reflecting ongoing debates about Bitcoin's short-term trajectory.
The cryptocurrency remains volatile amid broader macroeconomic uncertainties, which have influenced investor sentiment. This follows recent market dynamics where analysts have provided mixed signals on whether Bitcoin is stabilizing or preparing for another major shift.
This article is informational and does not constitute financial advice.
