Bitcoin Corrections Before New Highs

Analyst Jordi Visser predicts that bitcoin will face major corrections before it reaches new all-time highs. He explained that bitcoin will act similarly to Nvidia, going through several corrections before setting new records. According to Visser, the journey toward higher bitcoin prices will include drops of 20% or more, possibly in Q4, even though this quarter usually favors crypto performance.

Visser emphasized that bitcoin is now part of the AI trade and compared it to Nvidia, a company that has become the most valuable public corporation and the first to reach a $4 trillion valuation. He reminded that Nvidia has surged more than 1,000% since ChatGPT launched, yet during less than three years, the stock endured at least five 20% corrections before recovering to new highs. Bitcoin, he argued, will follow a similar path.

Charts show Nvidia’s stock in candles while bitcoin is marked in magenta, both having sharp declines despite being in a bull market.

Visser predicted that as AI spreads and replaces traditional labor, established businesses will weaken and investors will turn toward bitcoin as the strongest digital store of value.

The price of bitcoin remains one of the most debated issues in the crypto world. Analysts seek to predict its movement amid fast technological innovation, market shifts, and fiat currency erosion.

Some analysts highlight that while gold and stocks are reaching new highs, bitcoin lingers near $110,000, about 11% below its peak above $123,000. Investors are split—some see bitcoin climbing to around $140,000 in Q4, while others fear a long bear market that could pull bitcoin down to $60,000.

Concerns include regulations and the absence of a U.S. bitcoin strategic reserve. Analysts once predicted that U.S. government purchases of bitcoin for a national reserve could push prices higher in 2025.