Bitcoin (BTC) price recovery still faces macro risks: Crypto Daybook Americas

Bitcoin has rebounded to $65,000 following a sharp dip, with BlackRock ETF activity suggesting potential capitulation from long-term holders, which often marks a bear market's end. However, lasting recovery is threatened by persistent macro risks. These include the looming deadline for a government funding bill and escalating Iran-U.S. tensions potentially driving up oil prices and global inflation, which would negatively impact risk assets like crypto. Furthermore, many holders are now underwater following the crash, leading to potential marginal selling that could cap rallies, and market confidence rebuilds slowly after sharp declines. Technical analysis shows BTC approaching the critical 200-week Simple Moving Average support, a historical bottoming zone, but caution is advised due to these combined headwinds.

(Source：CoinDesk)