BEARISH (0.80)CoinTelegraph

Bitcoin Faces $45K Target Amid Macro Pressure

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Bitcoin's price action remains under scrutiny as technical analysis points to a 'fair value' gap targeting the $45,000 level, with key support zones emerging below $50,000. This bearish technical setup coincides with increasing downside pressure across traditional macro assets, including stocks and gold, as Wall Street trading sessions open. The convergence of these factors suggests BTC is navigating a challenging environment where broader market sentiment is influencing crypto valuations.

Analysts note that while AI-related concerns in equity markets are contributing to risk-off sentiment, Bitcoin's correlation with traditional assets appears to be reasserting itself. The $45,000 target represents a significant technical level that could either provide strong support or trigger further downside if breached. Market participants are closely monitoring whether Bitcoin can decouple from traditional market woes or if continued macro pressure will dominate near-term price action.

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