Bitcoin Price Forecasts Say $50,000 Is on the Way

Bitcoin begins the second week of February still on the defensive after last week’s sharp drawdown, with traders increasingly eyeing deeper retracements toward $60,000 — and even $50,000 — before a durable macro bottom forms. Market forecasts broadly agree that price has not yet put in a reliable long-term low.

Attention turns to US inflation data this week: the January CPI and jobs reports could determine the Fed’s path. Markets currently give just an 82% probability that rates will remain unchanged in March, while the US dollar index has failed to reclaim levels above 98, leaving analysts to debate whether the dollar is at a ten-year turning point or poised to mimic early‑2021 dynamics with Bitcoin.

Overseas developments add another layer of risk. Japan’s election and a shift toward aggressive fiscal stimulus under Sanae Takaichi have lifted the Nikkei but are expected to weaken the yen, reshaping capital flows.

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