{"id":429877,"date":"2026-06-08T02:56:18","date_gmt":"2026-06-07T21:26:18","guid":{"rendered":"https:\/\/dripp.zone\/news\/what-happens-to-bitcoin-if-nasdaq-falls-further-crypto-news\/"},"modified":"2026-06-08T03:07:12","modified_gmt":"2026-06-07T21:37:12","slug":"what-happens-to-bitcoin-if-nasdaq-falls-further-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/what-happens-to-bitcoin-if-nasdaq-falls-further-crypto-news\/","title":{"rendered":"What Happens to Bitcoin If Nasdaq Falls Further? &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div data-testid=\"post__body\">\n<p>Bitcoin (BTC) traders said that BTC holding above <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/markets\/bitcoin-bulls-fate-rests-on-60k-support-as-sellers-remain-in-control\" target=\"_blank\">the $60,000 psychological support<\/a> over the weekend was important as it recovered 6.5% from a local low near $59,100 to an intraday high of around $62,950 on Sunday.<\/p>\n<p><strong>Key takeaways:<\/strong><\/p>\n<ul class=\"list-bullet\">\n<li class=\"\" style=\"\" value=\"1\">BTC is eyeing a rally toward $92,630 if it continues to hold above a key moving-average support.<\/li>\n<li class=\"\" style=\"\" value=\"2\">Nasdaq technicals hint at a potential decline of over 10% in the short term. <\/li>\n<\/ul>\n<h2>BTC may rise above $90,000 if Nasdaq underperforms <\/h2>\n<p>Bitcoin&#8217;s rebound stood out as the tech-heavy Nasdaq Composite (IXIC) plunged more than 4% on Friday, its steepest one-day drop since April 2025. This has raised hopes that risk capital may return to BTC markets.<\/p>\n<figure><\/figure>\n<p style=\"text-align: center;\"><em>BTC\/USD vs. IXIC daily performance chart. Source: <\/em><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" rel=\"nofollow noopener\" target=\"_blank\"><em>TradingView<\/em><\/a><\/p>\n<p>Technical commentary shared by veteran analyst Filbfilb offered some hope for the Bitcoin bulls. <\/p>\n<p>In a Sunday post, the analyst <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/filbfilb\/status\/2063545918448718065?s=20\" rel=\"nofollow noopener\" target=\"_blank\">highlighted<\/a> Bitcoin holding strong above its 200-week simple moving average (200-week SMA, the blue line) at around $61,880. This level has helped form the bottom in 2020, 2018, and 2015.<\/p>\n<figure><img alt=\"\" src=\"https:\/\/s3-images.ctmedia.io\/media\/content\/btcusd2026-06-0720-28-26.png\" width=\"896\" height=\"541\" data-original=\"https:\/\/s3-images.ctmedia.io\/media\/content\/btcusd2026-06-0720-28-26.png\" loading=\"lazy\" decoding=\"async\"\/><\/figure>\n<p style=\"text-align: center;\"><em>BTC\/USD weekly chart. Source: TradingView<\/em><\/p>\n<p>In other words, traders may view the dip below $60,000 as a shakeout if BTC holds the 200-week SMA, with the 50-week SMA (red) near $92,630 becoming the next major upside target.<\/p>\n<p>At the same time, the Nasdaq appears to be correcting toward its 20-week SMA, the green line near 22,905 points, after its weekly relative strength index (RSI) fell to 62.46 from around 74.75.<\/p>\n<p>Every major Nasdaq weekly RSI drop from above 70 (overbought) to below 70 since 2021 has led the index back toward its 20-week moving average.<\/p>\n<figure><img alt=\"\" src=\"https:\/\/s3-images.ctmedia.io\/media\/content\/ixic2026-06-0720-26-05.png\" width=\"896\" height=\"541\" data-original=\"https:\/\/s3-images.ctmedia.io\/media\/content\/ixic2026-06-0720-26-05.png\" loading=\"lazy\" decoding=\"async\"\/><\/figure>\n<p style=\"text-align: center;\"><em>IXIC weekly chart. Source: TradingView<\/em><\/p>\n<p>The Nasdaq could fall toward 22,905 if the fractal repeats, implying a further decline of about 10.75% from current levels in June or by July.<\/p>\n<p>That said, Bitcoin could be setting up for a sharp mean-reversion rebound if it holds its long-term floor while the Nasdaq continues to cool off.<\/p>\n<h2>Bitcoin-Nasdaq ratio supports BTC rebound scenario<\/h2>\n<p>Bitcoin\u2019s ratio against the Nasdaq has again reached a record oversold zone, according to its daily RSI readings.<\/p>\n<p><em><strong>Related: <\/strong><\/em><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/markets\/bitcoin-most-oversold-since-2020-crash-can-btc-rebound-to-70k-next\" target=\"_blank\"><em><strong>Bitcoin most oversold since 2020 crash: Can BTC rebound to $70K next?<\/strong><\/em><\/a><\/p>\n<p>On Saturday, the RSI dropped to 14.70, the lowest in history. The previous record was 14.88, set in February, ahead of a 30%-plus recovery in BTC prices.<\/p>\n<figure><img alt=\"\" src=\"https:\/\/s3-images.ctmedia.io\/media\/content\/btcusdixic2026-06-0721-05-44.png\" width=\"896\" height=\"541\" data-original=\"https:\/\/s3-images.ctmedia.io\/media\/content\/btcusdixic2026-06-0721-05-44.png\" loading=\"lazy\" decoding=\"async\"\/><\/figure>\n<p style=\"text-align: center;\"><em>BTC\/IXIC vs. BTC\/USD daily chart. Source: TradingView<\/em><\/p>\n<p>In simple terms, Bitcoin had become too cheap relative to the Nasdaq, and buyers stepped in. The same setup is appearing again, reiterating a potential rebound in BTC prices in the coming weeks.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC) traders said that BTC holding above the $60,000 psychological support over the weekend was important as it recovered 6.5% from a local low near $59,100 to an intraday high of around $62,950 on Sunday. Key takeaways: BTC is eyeing a rally toward $92,630 if it continues to hold above a key moving-average support. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":429878,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-429877","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/429877","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=429877"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/429877\/revisions"}],"predecessor-version":[{"id":429879,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/429877\/revisions\/429879"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/429878"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=429877"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=429877"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=429877"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}