In a January 28 crypto market report, Derive's head of analytics Sean Dawson stated that Bitcoin could fall below $75,000 by the end of March 2025. According to his forecast, this probability has increased from 7,2% to 9,2% in just one day.
According to the cryptanalyst, the increased likelihood that Bitcoin will rebound to $75,000, "reflecting a shift in market sentiment towards pessimism as traders adjust to rising uncertainty."
Dawson made this conclusion based on the fact that Bitcoin volatility has increased from 52% to 76%. This is a sign of increased demand for put options “to protect against the risk of a price decline,” the crypto analyst is sure.
27 January Bitcoin fell 6,5% to $97,906 amid a broader decline in cryptocurrency and stock markets, fueled by the launch of Chinese AI app DeepSeek.
Since then, the flagship coin has recovered and surpassed the $100,000 mark. As of now, Bitcoin trading around $102,000.
Last time Bitcoin traded at $75,000 on November 8, 2024, just three days after Donald Trump won the US presidential election. The coin then began a month-long rally that saw it reach the long-awaited $5 mark for the first time on December 100,000.
