Network economist Timothy Peterson warns that if the US Federal Reserve holds off on rate cuts in 2025, it may cause a broader market downturn, potentially dragging Bitcoin back toward $70,000. Peterson stated this might be triggered simply by the Fed not cutting rates at all this year, following comments from Fed Chair Jerome Powell indicating a cautious approach. Using financial models, Peterson predicts that the Nasdaq could drop 17%, estimating a possible 33% decline in Bitcoin, suggesting a fall to approximately $57,000. However, he believes Bitcoin may find support closer to the low $70,000 range, drawing from historical trends. Peterson recalls that in 2022, predictions for Bitcoin’s bottom were higher than expected, indicating that investors might step in before prices drop significantly. The last notable Bitcoin price of $71,000 occurred in November 2022, following the US election.

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