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

💡 DMK Insight

BTC’s bearish outlook is solidifying, especially with targets eyeing the sub-$50,000 range. As macroeconomic pressures mount, particularly with Wall Street’s opening, traders need to be cautious. The current price of $64,063 suggests a significant drop could be on the horizon, especially if broader market sentiment continues to sour. If BTC breaks below key support levels, it could trigger further selling, impacting not just BTC but also correlated assets like Ethereum and altcoins that often follow Bitcoin’s lead. Here’s the kicker: if you’re holding long positions, now might be the time to reassess your strategy. Look for signs of capitulation or increased volume on sell-offs as indicators of potential bottoming patterns. Keep an eye on the $50,000 mark—if breached, it could lead to a cascade effect across the crypto market, pushing many traders to liquidate positions to avoid larger losses.