Bitcoin Could Face Major Corrections Before Reaching New All-Time Highs, Analyst Warns

     

Bitcoin’s Path to Record Highs May Mirror Nvidia’s Volatile Growth

Bitcoin (BTC) could see multiple steep corrections before breaking into new all-time high territory, according to market strategist Jordi Visser. Despite the cryptocurrency’s long-term bullish outlook, Visser cautions that investors should expect 20% or larger pullbacks, potentially even in Q4—a quarter historically favorable for digital assets.

Visser compared Bitcoin’s trajectory to Nvidia (NVDA), the world’s most valuable publicly traded company, which surged more than 1,000% since the launch of ChatGPT but endured several sharp drawdowns along the way.

“Nvidia had five corrections of 20% or more before reclaiming new highs,” Visser explained. “Bitcoin is going to follow a very similar path.”

Bitcoin as a Digital Store of Value in the AI Era

The analyst highlighted that Bitcoin is now intertwined with the artificial intelligence trade, as AI technologies transform industries and reduce reliance on traditional labor. He suggested that this disruption could weaken conventional equities while strengthening Bitcoin’s role as the ultimate store of value in the digital economy.

Bitcoin Price Stalls as Gold and Stocks Hit Records

While gold and equities have recently achieved fresh highs, Bitcoin remains under pressure. The cryptocurrency is currently trading near $110,000, around 11% below its record peak of over $123,000.

This divergence has split investor sentiment. Some analysts expect Bitcoin to rally past $140,000 in Q4, while others warn the recent decline could mark the beginning of a prolonged bear market with a possible retracement toward $60,000.

Regulatory and Policy Uncertainty Weigh on Market

Adding to the uncertainty is the lack of regulatory clarity in the United States, particularly regarding the potential creation of a strategic Bitcoin reserve. Earlier this year, analysts speculated that US government purchases of BTC could serve as a powerful catalyst in 2025. However, progress on such initiatives has stalled, leaving some investors cautious.