Investor and trader Gareth Soloway has announced that he expects a sharp correction for Bitcoin (BTC) in the short term.
According to Soloway, the cryptocurrency market could experience a 30% to 50% pullback in the coming period, with the Bitcoin price falling to the $75,000 level in the first quarter of 2026.
Soloway added that he doesn’t expect another major rally in 2025. Pointing to historical examples, the analyst noted that Bitcoin fell below $20,000 in 2021 due to the decline in stock markets. However, he stated that this time, the decline will be more limited due to the presence of institutional investors, particularly large players like BlackRock, in the market.
However, Soloway believes that in the long run, assets like Bitcoin and gold will remain important as alternatives to fiat currencies:
“Society is searching for alternatives to fiat currencies. Currently, Bitcoin and gold meet this need. As long as people have access to and accept it, Bitcoin will have a place in the future.”
*This is not investment advice.