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Analysis: Bitcoin's outlook depends on market sentiment, with fair value estimated at around $75,000

2 hours ago

On February 20th, UniCredit strategist Thomas Strobel noted that Bitcoin’s recent decline primarily reflects weak market sentiment and macro pressures—even as U.S. regulatory concerns ease and policy risks diminish. The bank currently maintains a neutral stance, pegging Bitcoin’s fair value at roughly $75,000. A roughly 35% drop from that level—especially if Bitcoin stays below $50,000 for a sustained period—could signal a deeper structural shift. For a rebound to materialize, market sentiment would need to improve, ETF inflows to rise, and liquidity conditions to strengthen.
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