On February 20, UniCredit strategist Thomas Strobel stated that Bitcoin’s recent decline mainly reflects weak market sentiment and macroeconomic pressures, even though concerns over U.S. regulation have eased and policy risks have decreased. The bank currently maintains a neutral stance, estimating Bitcoin’s fair value at approximately $75,000. If the price drops about 35% below this level, especially if it remains below $50,000, it could indicate deeper structural changes. To achieve a rebound, market sentiment may need to improve, ETF capital inflows could increase, and liquidity conditions may need to improve.
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Analysis: The future of Bitcoin depends on market sentiment, with a fair value of approximately $75,000
On February 20, UniCredit strategist Thomas Strobel stated that Bitcoin’s recent decline mainly reflects weak market sentiment and macroeconomic pressures, even though concerns over U.S. regulation have eased and policy risks have decreased. The bank currently maintains a neutral stance, estimating Bitcoin’s fair value at approximately $75,000. If the price drops about 35% below this level, especially if it remains below $50,000, it could indicate deeper structural changes. To achieve a rebound, market sentiment may need to improve, ETF capital inflows could increase, and liquidity conditions may need to improve.