A well-regarded crypto analyst believes that Bitcoin (BTC) could experience a final, explosive rally before the current market cycle concludes.
The analyst, known only as Jack, explained that he doesn’t foresee a reduction in interest rates from the Federal Reserve during this week’s meeting, even though oil prices have dropped below $60. According to him, this price drop signals poor economic conditions.
As of now, oil is priced at $59.77, representing a significant decline of over 22% from its $77.46 value at the start of 2025. A sharp fall in oil prices is often seen as an indicator of reduced demand and a weakening global economy.
Jack suggests that this economic downturn could actually be a favorable setup for Bitcoin’s performance. He likens it to gold’s behavior in early 2020 when it briefly dipped before beginning a massive upward rally.
In Jack’s view, Bitcoin could experience a similar pattern: a short dip followed by a sharp rise.
Gold, for instance, fell nearly 15% in March 2020, only to rebound with a 43% gain in just five months.
For Bitcoin to avoid further correction, Jack points out that it must maintain a price above $93,000. If it falls below this threshold, he predicts a potential downward movement could follow.
Bitcoin is firmly trading above the $100,000 level, drawing renewed optimism from investors while also raising caution among analysts watching for potential turbulence ahead.
Metaplanet has stepped up its commitment to Bitcoin by securing $21.25 million through its latest bond offering, the company’s 14th in a series of ongoing capital raises tied to its aggressive crypto strategy.
Bitcoin has reached a major benchmark in its battle against traditional financial benchmarks, with its value relative to the S&P 500 hitting a record high of 17.725 on May 8.
Dan Tapiero, a seasoned macro investor and hedge fund manager, sees potential for a significant Bitcoin surge if the U.S. economy hits a downturn that pushes the Federal Reserve toward aggressive rate cuts.