Bitcoin: Caught in the Macro Risk Current

Macro Risk Is In Full Swing For Bitcoin

The past seven days have been quite the roller coaster for Bitcoin's price.

Bitcoin dropped from $96,000 a week ago to $78,000 by Friday, before rebounding above $90,000. But this quick recovery doesn't necessarily mean Bitcoin is ready to build a solid base for a push to $150,000.

The reality is more complex. The same risk factors affecting all risk assets could weigh on Bitcoin for months to come.

Let's analyze the situation.

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Bitcoin: Caught in the Macro Risk Current

The Takeaway

Bitcoin and the NASDAQ 100 are experiencing a significant drawdown, highlighting their strong correlation through macro risk factors. While Bitcoin has rebounded from $78,000, historical patterns suggest a two to four month recovery phase.

The asset has entered a neutral consolidation regime, but multiple US-centered risks currently outweigh potential tailwinds. Bitcoin's near-term trajectory remains heavily dependent on the broader risk asset environment, making this a time for patient position building rather than leveraged exposure.

Bitcoin and NASDAQ: A Synchronized Drawdown