Bitcoin is facing pressure as global recession fears, high interest rates, and tariff tensions shake investor confidence.
Analysts warn that if macroeconomic conditions worsen, Bitcoin could crash to $10,000 if the S&P 500 sees a sharp correction.
Bitcoin is no longer moving with stocks and risk assets, and investors are realizing that crypto ETFs act more like high-risk assets than safe havens.
While there is a risk of a severe recession pushing Bitcoin to $20,000, it has shown resilience during recent corrections and new lows are unlikely unless it breaks below $69,000.