Stifel: The price of Bitcoin may fall to approximately $38,000.

MarsBitNews · 2026-02-05T10:29:35+00:00

Analysts at financial services firm Stifel predict that Bitcoin could drop to around $38,000, based on trend lines from previous bear market lows. Bitcoin's price trend has shifted to a positive correlation with the US dollar and has strengthened its link with the Nasdaq index, potentially coming under further pressure amid the Federal Reserve's hawkish policies and rising borrowing costs.

MarsBitNews

2026-02-05 10:29:35

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Mars Finance News: According to CoinDesk, analyst at financial services firm Stifel predicts that Bitcoin prices could drop to around $38,000. This forecast is based on a long-term trend line connecting major Bitcoin bear market lows since 2010, which currently points to approximately $38,000. The analyst team states in the report that the relationship between Bitcoin and the US dollar, as well as global money supply, has reversed since 2025. Previously, Bitcoin typically rose when the dollar weakened and global liquidity increased, showing an inverse relationship with fiat currencies; but now, its price trend has shifted to a positive correlation with the dollar, with increasing correlation to the Nasdaq index and growth stocks. The report notes that despite the Federal Reserve cutting interest rates in its last three meetings of 2025, its stance remains hawkish, and borrowing costs for tech companies are rising, which could tighten the financial environment and exert further pressure on the Bitcoin market.

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