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Bitcoin Enters Bearish Pullback Regime

Macro Headwinds, Not Price, Are Driving the Shift

Ecoinometrics

Apr 14

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That’s it, last week Bitcoin transitioned into a bearish pullback regime. And macro conditions are mostly to blame, more so than anything Bitcoin itself has done.

As the name suggests, this isn’t a favourable setup for Bitcoin in the near term. But it’s also not the end of the world.

And there are a few ways the situation could still improve.

Let’s talk about that.

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Bitcoin Enters Bearish Pullback Regime

The Takeaway

Bitcoin has entered a bearish pullback regime, not due to price action, but because of weakening macro signals.

Despite holding near $85K, deteriorating stock market momentum and on-chain activity raise the risk of a drop below $75K. Fund managers are cautious, ETF flows show deleveraging, and no clear catalyst for a turnaround is in sight...