Bitcoin and Ethereum Flashing Critical Reversal Signals—But Bears Aren't Convinced Yet
Bitcoin and Ethereum are sitting just below price levels that could trigger a significant trend reversal, according to macro analyst Jordi Visser—though the crypto market remains divided on whether a sustainable rally is actually brewing. The Reversal Levels Everyone's Watching Visser laid out

Bitcoin and Ethereum are sitting just below price levels that could trigger a significant trend reversal, according to macro analyst Jordi Visser—though the crypto market remains divided on whether a sustainable rally is actually brewing.
The Reversal Levels Everyone's Watching
Visser laid out the key thresholds in a recent Anthony Pompliano podcast appearance: Bitcoin needs to break above $76,000 while Ethereum simultaneously moves above $2,400 to signal a genuine trend reversal. That puts Bitcoin just 6.1% away from its trigger (currently trading around $71,646) and Ethereum roughly 8% away from its mark, according to CoinMarketCap data. If both hit those levels in tandem, Visser believes we're looking at a sustainable move higher for the year.
"If we trade above $76,000 and at the same time we see Ethereum above $2,400, I believe that is the beginning of a move that will be sustainable this year because I don't think we're going to have a recession," Visser explained.
Macro Backdrop: Inflation Stays Sticky
Visser's crypto analysis hinges on his broader macro thesis: inflation won't cool fast enough to trigger a recession, and investors will need returns from somewhere. The U.S. Bureau of Labor Statistics confirmed this outlook when the April Consumer Price Index came in at 3.3% year-over-year, reinforcing sticky inflation dynamics.
"I think inflation is going to stay elevated, and I think people are going to need to find something that is making money in a world where the S&P is not moving anywhere," Visser said.
Prediction market traders on Kalshi are broadly aligned here, pricing just a 24% recession probability for 2026—down 10 percentage points over the past month. That's meaningful: it suggests institutions are stepping away from recession bets.
The Bear Case Still Has Teeth
Not everyone's convinced. The crypto industry has developed a growing consensus calling for more downside, with some traders eyeing potential moves below Bitcoin's February 6 yearly low of $60,000. Veteran trader Peter Brandt recently suggested we haven't seen the 2026 bear cycle bottom yet, forecasting Bitcoin could retest or dip "slightly lower" than that $60,000 level come September or October.
Visser pushes back on this narrative, noting he's never been comfortable with rigid bull/bear cycle labels—especially at all-time highs. "At some point in there, it just seems like okay, they go up and then the normal course is at some point people don't invest as much as they have," he explained.
Alpha Take
We're watching two critical resistance levels that could reshape near-term momentum: $76,000 for Bitcoin and $2,400 for Ethereum. A simultaneous break above both would validate the "no recession" thesis and suggest fresh institutional capital entering the market. However, the bear case—lower lows in Q3-Q4—remains a legitimate scenario if inflation doesn't cool or macro conditions deteriorate. Position sizing accordingly is crucial.
Originally reported by
CoinTelegraph
Not financial advice. Crypto investing involves significant risk. Past performance does not guarantee future results. Always do your own research.