New Warning from the Expert Who Correctly Predicted Bitcoin Would Exceed $100,000! Here are the Details

Bitwise Asset Management Europe Director and Research Head Andre Dragosch believes that Bitcoin (BTC) may face more downward pressure in the coming weeks and could present a potential 'buying opportunity from the bottom' for long-term investors.

Experts Warn That Bitcoin Will Face More Turbulence After the Biggest Weekly Drop Since August

Bitcoin, the world's largest cryptocurrency by market value, experienced an 8.8% drop last week and fell to around $95,000. This indicates the sharpest drop since August, due to hawkish signals from the Federal Reserve.

The anticipation of fewer interest rate cuts in 2025 and the reconfirmation of the BTC holding ban in the Fed's statement contributed to a widespread sense of risk aversion in the markets.

Traditional financial assets were also affected by this, with the S&P 500 losing %2 while the dollar index reached its highest level since October 2022 with a %0.8 increase.

The yields of Treasury bonds rose sharply, with the 10-year bond gaining 14 basis points, indicating higher borrowing costs and increasing the attractiveness of fixed-income investments over riskier assets like cryptocurrencies.

Dragosch, known for correctly predicting that BTC would surpass $100,000 in the summer months, has started to act cautiously, citing tightening financial conditions and a resurgence of inflationary pressures as reasons.

“While it may seem likely to suffer more in the short term, considering Bitcoin's supply scarcity and ongoing structural tailwinds, this could represent an interesting buying opportunity.”

Despite short-term negatives, Dragosch remains optimistic about Bitcoin's long-term expectations.

The increasing adoption of BTC's fixed supply limit and its role as a store of value could position it as a strong protection against monetary instability.