Bitcoin drop to $108K possible as investors fly to ‘safer’ assets
Bitcoin price faces pressure as investors shift to bonds and gold, and risk aversion raises the chance of BTC falling to $108,000.
Key takeaways:
Rising demand for government bonds and gold underscores recession fears, limiting Bitcoin’s ability to sustain bullish momentum.
Correlation with equities remains high, but structural catalysts like Strategy’s S&P 500 inclusion could shift sentiment.