Bitcoin (BTC) is under significant pressure, having recently retraced 14% from $65,103 to $55,602. This decline occurs amid a climate of fear and uncertainty impacting both cryptocurrency and US stock markets.
However, recent data suggests that Bitcoin is showing less sensitivity to equities volatility, which could be a sign of underlying strength.
This resilience might indicate Bitcoin's potential for a 2016-style breakout, targeting a Q4 price of $100K.
