Bitcoin, stocks crumble after Nvidia earnings and Fed uncertainty over next rate cut
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.
Key takeaways:
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.