Macro investor Jordi Visser says Bitcoin and Ether are not far from levels that signal a trend reversal this year, despite a growing industry-wide consensus calling for a bear market.
“If we trade above $76,000 and at the same time Ethereum crosses $2,400, I believe that is the start of a sustainable movement this year, because I don’t think there will be a recession,” Visser said on Anthony Pompliano’s podcast published on YouTube on Friday.
The rise to $76,000 represents a 6.1% increase from the Bitcoin (BTC) price of $71,646 at the time of publication, according to data from CoinMarketCap. Ether (ETH) rising to $2,400 would represent an increase of approximately 8%.
Fisser says inflation will remain high
Traders at prediction market Calsi are leaning toward a similar outlook to Visser, estimating a 24% chance of a recession in 2026, with stocks down 10% over the past 30 days.
“I think inflation is going to stay high. In a world where the S&P is going nowhere, people are going to have to find something to generate profits,” Visser said.
The U.S. Bureau of Labor Statistics (BLS) said in a report released Friday that the Consumer Price Index (CPI) rose 3.3% in April compared to the same month last year.
Visser’s recent comments challenge the widespread view across the cryptocurrency industry that further downside is still ahead in 2026, with some even calling for a drop below the year-to-date low of $60,000 on February 6th.
Bitcoin could fall below year-to-date lows of $60,000
On March 31, veteran trader Peter Brandt said that this may not be the lowest level of 2026, predicting that Bitcoin could retest the price levels of September or October of this year, or even remain “slightly lower” than that.
“That would be the bottom of the bear cycle,” Brandt said.
Visser explained that he is never a “big fan” of labeling Bitcoin price movements as bull or bear markets.
“Especially when you’re at an all-time high. At some point you think it’s OK and it goes up, and then at some point people invest less than they ever have before, that’s the normal course,” he said.
