U.Today – Bitcoin (BTC) has had a tumultuous week, with prices plunging below key support levels, triggering a wave of sell-offs and liquidations worth hundreds of millions of dollars. The market is volatile due to the impact of new tariffs, and panic seems to be spreading across exchanges.
However, amid the chaos, prominent investor Anthony Pompliano remains positive. He believes that both Bitcoin and the stock market will recover strongly, possibly even setting new all-time highs before 2025 ends. According to Pompliano, macro shocks such as trade wars or moves from the Fed are only short-term and cannot stop Bitcoin's long-term growth.
The market is under great pressure from China's move to impose tariffs on US goods of up to 34%, in the context of trade tensions between the two superpowers continuing to escalate. Investors are currently looking for a "safe haven", but even gold - a traditional investment channel - has not been immune to selling pressure in recent sessions.
In the short term, former BitMEX CEO Arthur Hayes predicted that BTC could fall to the $76,000 - $78,000 range, before establishing a new recovery. He commented that the market is still adjusting after major fluctuations and needs time to absorb negative macro factors.
However, Pompliano said that market psychology often has a "short-term memory". Factors that once caused prices to plummet can quickly become catalysts to help the market break out. Bitcoin’s recent all-time high of $109,114 may still be a long way off at this point, but if the chaos subsides, Bitcoin could come back stronger than ever.
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