Bitcoin may be nearing market bottom if priced against gold, analyst says
According to an analysis report published by CoinDesk, bitcoin priced in US dollars may experience a bearish market until the end of 2026. This follows from historical data on the duration of previous cryptocurrency downturns, which averaged 12-13 months.
However, analysts note that if bitcoin is evaluated relative to gold, signs of approaching the market bottom are already emerging. This may be due to the fact that gold is also under pressure against the backdrop of rising interest rates and geopolitical instability. In such conditions, investors may consider bitcoin as a more attractive asset for portfolio diversification.
Despite the pessimistic forecasts based on the dollar valuation, experts still believe that in the long term, bitcoin is capable of demonstrating significant growth. A key factor that could support the upward trend is the institutional adoption of cryptocurrency and the development of the related ecosystem.