{"id":57105,"date":"2022-02-03T14:07:53","date_gmt":"2022-02-03T12:07:53","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=57105"},"modified":"2025-09-04T10:00:28","modified_gmt":"2025-09-04T07:00:28","slug":"fundstrat-forecasts-bitcoin-to-hit-a-local-bottom","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/fundstrat-forecasts-bitcoin-to-hit-a-local-bottom\/","title":{"rendered":"Fundstrat forecasts Bitcoin to hit a local bottom"},"content":{"rendered":"<p>In the coming months, Bitcoin prices, with a high probability, could reach a local bottom, but investors should proceed with caution. Bloomberg writes, citing Fundstrat managing director Mark Newton.<\/p>\n<p>In the last few days, Bitcoin has stabilised after <a href=\"https:\/\/forklog.com\/en\/news\/january-2022-in-numbers-nft-boom-despite-crypto-slump-fantom-strengthens-and-ftxs-rally-to-32-billion\">an update<\/a> to the local minimum below $33,000. According to Newton, this modest rebound may be illusory and does not signal the start of an &#8216;intermediate rally&#8217;.<\/p>\n<p>Among the key technical levels for the bulls, he highlighted $40,000. The analyst said that if prices fall below $35,511, there is a chance that Bitcoin will test the $32,950 level.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/bloomberg-1024x576.jpg\" alt=\"\u0412 Fundstrat \u0441\u043f\u0440\u043e\u0433\u043d\u043e\u0437\u0438\u0440\u043e\u0432\u0430\u043b\u0438 \u0434\u043e\u0441\u0442\u0438\u0436\u0435\u043d\u0438\u0435 \u0431\u0438\u0442\u043a\u043e\u0438\u043d\u043e\u043c \u043b\u043e\u043a\u0430\u043b\u044c\u043d\u043e\u0433\u043e \u0434\u043d\u0430\" class=\"wp-image-163982\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/bloomberg-1024x576.jpg 1024w, https:\/\/forklog.com\/wp-content\/uploads\/bloomberg-300x169.jpg 300w, https:\/\/forklog.com\/wp-content\/uploads\/bloomberg-768x432.jpg 768w, https:\/\/forklog.com\/wp-content\/uploads\/bloomberg.jpg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Data: <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-02-03\/bitcoin-analysis-shows-prices-may-bottom-soon-fundstrat-says\">Bloomberg<\/a>.<\/figcaption><\/figure>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;As long as the daily close does not exceed $40 000, Bitcoin remains in a downtrend, and technically it&#8217;s hard to rule out further weakness,&#8221; Newton noted.<\/p>\n<\/blockquote>\n<p>At the time of writing, Bitcoin was trading near $36,400. In the last 24 hours, the asset&#8217;s price fell by 5.5%, according to <a href=\"https:\/\/www.coingecko.com\/ru\/%D0%9A%D1%80%D0%B8%D0%BF%D1%82%D0%BE%D0%B2%D0%B0%D0%BB%D1%8E%D1%82%D1%8B\/%D0%B1%D0%B8%D1%82%D0%BA%D0%BE%D0%B8%D0%BD\">CoinGecko<\/a>.<\/p>\n<figure class=\"wp-block-image size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/BTCUSDT_2022-02-03_13-45-38-1024x458.png\" alt=\"\u0412 Fundstrat \u0441\u043f\u0440\u043e\u0433\u043d\u043e\u0437\u0438\u0440\u043e\u0432\u0430\u043b\u0438 \u0434\u043e\u0441\u0442\u0438\u0436\u0435\u043d\u0438\u0435 \u0431\u0438\u0442\u043a\u043e\u0438\u043d\u043e\u043c \u043b\u043e\u043a\u0430\u043b\u044c\u043d\u043e\u0433\u043e \u0434\u043d\u0430\" class=\"wp-image-163983\" width=\"840\" height=\"375\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/BTCUSDT_2022-02-03_13-45-38-1024x458.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/BTCUSDT_2022-02-03_13-45-38-300x134.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/BTCUSDT_2022-02-03_13-45-38-768x344.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/BTCUSDT_2022-02-03_13-45-38-1536x688.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/BTCUSDT_2022-02-03_13-45-38.png 1834w\" sizes=\"auto, (max-width: 840px) 100vw, 840px\" \/><figcaption>Hourly BTC\/USDT chart on the Binance exchange. Data: <a href=\"https:\/\/ru.tradingview.com\/symbols\/BTCUSDT\/\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>Earlier, trader Micha\u00ebl van de Poppe noted that if Bitcoin falls below the $37 000 level, the price will start to fall quickly toward the $34 000\u2013$35 000 range.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">If <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> loses this level at $37Kish, I think it will start to drop fast towards the lower bound of the region around $34-35K. <a href=\"https:\/\/t.co\/nMSdQt2J0H\">pic.twitter.com\/nMSdQt2J0H<\/a><\/p>\n<p>\u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) <a href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/1488948959074832384?ref_src=twsrc%5Etfw\">February 2, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Analysts at JPMorgan <a href=\"https:\/\/forklog.com\/en\/news\/jpmorgan-trims-bitcoin-fair-value-estimate-from-150000-to-38000\">lowered Bitcoin&#8217;s fair value<\/a> from $150 000 to $38 000.<\/p>\n<p>Subscribe to ForkLog&#8217;s news on <a href=\"https:\/\/vk.com\/forklogcom\" target=\"_blank\" rel=\"nofollow noopener\">VK<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the coming months, Bitcoin prices, with a high probability, could reach a local bottom, but investors should proceed with caution. Bloomberg writes, citing Fundstrat managing director Mark Newton.<\/p>\n","protected":false},"author":1,"featured_media":57106,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,1838],"class_list":["post-57105","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-fundstrat"],"aioseo_notices":[],"amp_enabled":true,"views":"13","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/57105","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=57105"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/57105\/revisions"}],"predecessor-version":[{"id":57107,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/57105\/revisions\/57107"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/57106"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=57105"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=57105"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=57105"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}