Jordi Visser, veteran macro investor and author of VisserLabs Substack, declared that Bitcoin’s recent price decline has been misinterpreted by the majority of investors.
Investor Sentiment According to Visser
Visser noted that a survey of non‑Bitcoin owners would likely yield a unanimous “not interested” response, while roughly 60‑70% of current holders are doubting their positions. He described the prevailing mood as a loss of hope, yet highlighted emerging positive divergences on the technical charts.
Technical Outlook for Bitcoin
According to Visser, Bitcoin has slipped below its February trough but managed to remain stable at those levels. He cautioned against premature conclusions, urging investors to wait for a breakout above the 200‑day moving average, which presently sits above $70,000.
Potential Market Shift
Visser projected that a decisive move above the $70,000 threshold could usher in a new phase for the crypto and AI sectors. He emphasized that the forthcoming period may reshape investor confidence across the blockchain ecosystem.