Expert Analyst said, "It's Too Early to Expect a Bull in Bitcoin!" Listed the Reasons!

Bitcoin (BTC) and altcoins continue to experience sudden pump and dump amid tariff tensions between the USA and China, while investors caught in between are wondering which direction the market will move from here.

At this point, while uncertainty continues in the crypto market as in global markets, 10X Research founder Markus Thielen warned of a decline, stating that although he expects a rise in the long term, the BTC price is facing pressure in the short term.

Markus Thielen stated that Bitcoin investors have started to become optimistic about the potential effects of a recession on Bitcoin’s price and that it may still be too early to go bullish on BTC.

According to the analyst, Bitcoin is facing pressure in the short term as fears of recession increase.

“It is still too early to expect a bullish momentum in Bitcoin.”

An analyst indicating that credit spreads have widened as a sign of increasing economic concerns argued that a potential future recession and possible interest rate cuts by the FED could benefit BTC in the long run.

However, Thielen stated that according to historical data, Bitcoin faced short-term sell-offs before those times.

Historically, during the period when annual credit spreads began to widen, Bitcoin typically faces more downward pressure and takes longer to recover.

“This period reveals a longer-term opportunity in BTC. However, it may face negative winds before gaining upward momentum.”

Thielen referred to the Chinese currency Yuan and said, “Currency devaluations have historically tended to be bearish for markets in the short term, but bullish in the long term.”