Crypto: Bitcoin 'fair Value' Gap Sets $45k Target As AI Woes Haunt Stocks,...

BTC price targets stayed bearish with a zone of interest below $50,000 as macro assets saw increasing downside pressure at the Wall Street open.

Bitcoin (BTC) fell toward $60,000 around Tuesday’s Wall Street open as traders issued fresh macro low targets.

Bitcoin sees further pressure with traders lining up for $60,000 and lower.

AI nerves are impacting assets from gold to stocks, new analysis says.

“Fair value” may mean that BTC price action fills and inefficiency around $45,000.

Data from TradingView tracked another grim day for Bitcoin bulls, with BTC price downside nearing 3% on the day.

Failure to reclaim support increasingly placed a long-term trend line at risk of becoming resistance — a classic bear market signal. As Cointelegraph reported, the 200-week simple (SMA) and exponential (EMA) moving averages now enclose the local trading range.

“Bitcoin has Weekly Closed below the 200-week EMA (black),” trader and analyst Rekt Capital wrote in an X post on the topic on Monday.

Trader Jelle had no illusions about Bitcoin’s direction or its nearest round number target.

“Trend remains clear; lower. $60,000 wick in sight,” he summarized.

Source: CoinTelegraph