The million-dollar question on everyone’s mind is ‘When will Bitcoin bottom out in price?’ It had hit an all-time high of $108,786 on January 20, 2025, the day Trump took office. Its price began to dip after the trade wars ignited as the President imposed tariffs on Canada, Mexico, and China. Even close allies in Europe were not spared angering countries from the other side of the Atlantic.

Also Read: AI Predicts Hedera Price If HBAR ETF Is Approved By May 2025?

After hitting its ATH of $108,786, Bitcoin lost nearly 25% of its value and is trading at the $82,400 level on Wednesday. It had fallen to the $76,000 range on Monday as the US stock market crashed 890 points. The leading cryptocurrency rebounded in price but investors remain skeptical as the markets are in unfavorable conditions.

BTC: When Will Bitcoin Bottom Out?

The former CEO of BitMex, Arthur Hayes predicts that Bitcoin could face further corrections in the charts. He advised investors to back out from taking entry positions now as BTC could be headed south. The stock and cryptocurrency markets could experience trimming as traders are investing in safe havens. Gold is receiving an influx of funds as the XAU/USD index climbed above the $2,900 level on Wednesday. The glittery metal is now trading in the $2,920 range and is attracting large buying pressure due to Trump’s tariffs.

Also Read: Bitcoin’s Fall Resembles 2017 Crash

Hayes forecasted that Bitcoin could bottom out in price at the $70,000 level next. That’s approximately another 15% down from its current price of $82,400. “BTC likely bottoms around $70,000. A 36% correction from the all-time high is very normal for a bull market. You might not catch the bottom but you also won’t have to mentally suffer through a long period of sideways and potentially unrealized losses,” he wrote on X.

Therefore, according to Hayes, investors need to wait before taking an entry position in Bitcoin. It’s best to be on the sidelines during the dip and go long when BTC reaches the $70,000 range.

Also Read: Top 3 Cryptocurrencies Projected For New Peaks After This Dip