UniCredit: BTC fair value is $75K, price hinges on sentiment and liquidity

UniCredit analyst Thomas Strobel believes the future direction of BTC depends on investor sentiment and liquidity, Walter Bloomberg reported. Strobel noted that the recent decline in Bitcoin's price reflects downward pressure from macroeconomic factors and weakening market sentiment. UniCredit views BTC's fair value at approximately $75,000. He added that if BTC were to fall about 35% from this level and remain below $50,000, it could signal a structural bear market. A recovery would require improved investor sentiment, inflows into ETFs, and expanded liquidity.