Bitget CEO Gracy Chen predicts Bitcoin may drop to $50,000, citing broader market caution despite recent gains.
Bitget CEO Gracy Chen expects Bitcoin to retreat to $50,000, despite a 20% rally over the past week. She joins other analysts forecasting further downside before a recovery, though she refrains from setting a firm timeline for the move.
Bitcoin’s recent surge follows a period of volatility, with some traders previously tipping October as a potential bottom. Transform Ventures founder Michael Terpin projects a 66% correction from Bitcoin’s October 2025 peak of $126,100, aligning with Chen’s bearish outlook.
Chen’s estimate of $50,000 as a likely support level reflects broader uncertainty in crypto markets. While she avoids precise timing, she suggests the pullback could occur later this year or in 2025.