Bitcoin could be a bargain at 80K if its price continues to correlate with the stock market.

This is the conclusion reached by Bravo Research.

In its latest macro report dated 31 December, titled "Will Bitcoin's collapse begin in 2025?" Bravo warned that BTC's "parabolic" growth could slow down in early 2025.

Record outflows from the largest U.S. Bitcoin ETF, weak stock market performance and Fed policy tightening have cooled investor optimism.

Bitcoin ETFs now hold 1.15 million BTC and continue to buy about 3,000 bitcoins daily. At this pace, bitcoin could rise another 50 per cent in 50 days. However, even a slight slowdown in buying through ETFs could trigger a decline.

Analysts calculated.

Even if flows into ETFs become positive again, this does not guarantee a rise in the price of BTC.

For example, in March 2024, the price of bitcoin fell by 30 per cent, even though ETFs continued to buy.

Bravos added.

Do you think we are in for such a deep correction?