Bitcoin, Stocks Crumble After Nvidia Earnings And Fed Uncertainty...

Bitcoin weakness persists as the BTC price drops to $86,000, alongside a US stock market sell-off and diminishing odds of a 50-basis-point Fed interest rate cut at the next FOMC.

A Q1 2025 fractal and oversold market conditions suggest BTC could consolidate before retesting the $98,000 to $100,000 zone.

One analyst made a bold price prediction, suggesting that a rising wedge breakdown could open the door to a deeper correction, potentially reaching $30,000.

Bitcoin (BTC) jumped after Nvidia Corp.’s stronger-than-expected revenue outlook helped calm fears of an overheating AI bubble, but the gains quickly reversed as the Dow gave up a 700-point rally to turn negative and US stocks sold off.

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Bitcoin fell to a new monthly low of $86,400, and data suggest more downside could be on the way.

Bitcoin’s recent pullback is echoing the same bullish reversal structure that unfolded in Q1 2025, said analyst Cas Abbé.

Back then, BTC lost momentum near its fresh all-time high, slipped below a key support level and decoupled from a rising stock market before bottoming out in a multi-week accumulation range.

Abbé’s chart below shows the pattern resurfaced almost identically in recent months, with the analyst adding that BTC will likely enter “consolidation between $85,000 to $100,000 for 3 to 4 weeks.”

More importantly, both corrections were driven by broader macro fears.

Source: CoinTelegraph