Bitcoin ‘fair value’ gap sets $45K target as AI woes haunt stocks, gold

💡 DMK Insight

BTC’s bearish outlook is sharpening, especially with targets eyeing the sub-$50,000 mark. As macroeconomic factors weigh heavily, traders need to be cautious. The current price of $65,425.00 suggests that a significant drop could trigger stop-loss orders, leading to a cascading effect. If BTC breaks below key support levels, it could invite further selling pressure, especially from institutions looking to mitigate risk. Keep an eye on correlated assets like Ethereum, which often follows BTC’s lead. On the flip side, if BTC manages to hold above $60,000, it could create a temporary bullish sentiment, but that seems less likely given the current macro backdrop. Watch for volatility spikes and consider adjusting your positions accordingly, especially if we approach that $50,000 target in the coming weeks.