Stifel analysts predict Bitcoin could plummet to $38,000, drawing a striking analogy to the film 'The Curious Case of Benjamin Button.' The firm, a well-established financial services provider, believes the cryptocurrency's current trajectory mirrors the story's protagonist, who ages backward. After peaking over $126,000, Bitcoin has seen a substantial drop, now hovering near $70,000, a level not seen since November 2024. The analysts note that Bitcoin is already down 41% from its high, with bearish forecasts suggesting a potential low of $38,000 based on historical price trends. They highlighted a linear trend connecting the lowest points of Bitcoin's crashes since 2010, which points downward to this new target. 'The Curious Case of Benjamin Bitcoin' analogy illustrates how Bitcoin's fixed supply cap once made it more resilient as the dollar weakened. However, since 2025, this relationship has reversed. Bitcoin now declines alongside the dollar, a significant shift from its previous pattern where it thrived as the dollar weakened. The Dollar Index's near 1% drop this year, extending last year's nearly 10% decline, compounds the issue. Furthermore, the analysts emphasize the connection between Bitcoin and the Nasdaq 100 index. Bitcoin's value often rises or falls with tech stocks, influenced by Federal Reserve monetary policy. With the Fed's recent hawkish tone on interest rates, the outlook for tech companies—and by extension Bitcoin—looks grim. This brewing financial tightening could further depress stock valuations, adding to the ongoing struggles in the Bitcoin market. As analysts weigh these factors, the implications for investors are stark: the path ahead appears fraught with uncertainty and potential losses.