‘Parabolic’ Bitcoin is a buy at $80K if BTC price tracks stocks — Research

Bitcoin would be a “buy the dip” opportunity at $80,000, according to investment research firm Bravo Research.

In its latest Macro Report, published on Dec. 31, titled “Is the 2025 Bitcoin crash starting?” Bravo warned that “parabolic” Bitcoin (BTC) price strength may fall at the start of 2025.

Report: BTC price may match “stocks’ weakness”

Bitcoin faces fresh headwinds as a new year gets underway, with BTC/USD languishing below the $100,000 mark.

Record outflows from the largest US spot Bitcoin exchange-traded fund (ETF), combined with flagging stock market performance and an increasingly hawkish Federal Reserve, have deflated Bitcoin’s bull market optimism.

For Bravos, a rebalancing in BTC price performance could now be in the cards, despite it being “undeniably in the parabolic stage.”

“This is the opposite of September 2024’s setup, when stocks hit new highs while Bitcoin struggled. Back then, Bitcoin eventually caught up to stocks’ strength,” the report said. 

“Now, we might see Bitcoin catch down to stocks’ weakness.”

An accompanying chart compared BTC/USD to the S&P 500, with a notable divergence playing out in December.

“If Bitcoin corrects, we’d look to buy the dip around $80,000 for the next leg higher,” Bravos said.

As Cointelegraph reported, various BTC price targets have emerged in recent weeks, with $80,000 increasingly popular.

Don’t count on Bitcoin ETF flows

The report broke down the impact of ETF performance on price, even with the new year sell-off from BlackRock’s iShares Bitcoin Trust (IBIT) yet to occur at the time of its publication.

Related: Bitcoin traders s‘e ‘mass’ve’ $130K+ BTC price next as TradFi returns

“Bitcoin ETFs currently own 1.15 million Bitcoin, and still accumulating about 3,000 BTC daily. At this pace, Bitcoin could surge another 50% in 50 days,” researchers calculated.

“However, even a slight slowdown in ETF buying could trigger a decline.”

Even if ETF flows were to flip positive again, BTC/USD might not follow suit, as evidenced by the way events played out in their first year of trading.

“For instance, in March 2024 Bitcoin prices fell by 30%, even though ETFs were still buying,” Bravos added. 

“So, March 2024 was a great time to sell, despite Bitcoin ETFs still accumulating.”

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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