What happens to Bitcoin if the Nasdaq falls further?

Bitcoin (BTC) traders said that BTC holding supra the $60,000 intelligence support implicit the play was important arsenic it recovered 6.5% from a section debased adjacent $59,100 to an intraday precocious of astir $62,950 connected Sunday.

Key takeaways:

• BTC is eyeing a rally toward $92,630 if it continues to clasp supra a cardinal moving-average support.
• Nasdaq technicals hint astatine a imaginable diminution of implicit 10% successful the abbreviated term.

BTC whitethorn emergence supra $90,000 if Nasdaq underperforms

Bitcoin's rebound stood retired arsenic the tech-heavy Nasdaq Composite (IXIC) plunged much than 4% connected Friday, its steepest one-day driblet since April 2025. This has raised hopes that hazard superior whitethorn instrumentality to BTC markets.

BTC/USD vs. IXIC regular show chart. Source: TradingView

Technical commentary shared by seasoned expert Filbfilb offered immoderate anticipation for the Bitcoin bulls.

In a Sunday post, the expert highlighted Bitcoin holding beardown supra its 200-week elemental moving mean (200-week SMA, the bluish line) astatine astir $61,880. This level has helped signifier the bottommost successful 2020, 2018, and 2015.

BTC/USD play chart. Source: TradingView

In different words, traders whitethorn presumption the dip beneath $60,000 arsenic a shakeout if BTC holds the 200-week SMA, with the 50-week SMA (red) adjacent $92,630 becoming the adjacent large upside target.

At the aforesaid time, the Nasdaq appears to beryllium correcting toward its 20-week SMA, the greenish enactment adjacent 22,905 points, aft its play comparative spot scale (RSI) fell to 62.46 from astir 74.75.

Every large Nasdaq play RSI driblet from supra 70 (overbought) to beneath 70 since 2021 has led the scale backmost toward its 20-week moving average.

IXIC play chart. Source: TradingView

The Nasdaq could autumn toward 22,905 if the fractal repeats, implying a further diminution of astir 10.75% from existent levels successful June oregon by July.

That said, Bitcoin could beryllium mounting up for a crisp mean-reversion rebound if it holds its semipermanent level portion the Nasdaq continues to chill off.

Bitcoin-Nasdaq ratio supports BTC rebound scenario

Bitcoin’s ratio against the Nasdaq has again reached a grounds oversold zone, according to its regular RSI readings.

Related: Bitcoin astir oversold since 2020 crash: Can BTC rebound to $70K next?

On Saturday, the RSI dropped to 14.70, the lowest successful history. The erstwhile grounds was 14.88, acceptable successful February, up of a 30%-plus betterment successful BTC prices.

BTC/IXIC vs. BTC/USD regular chart. Source: TradingView

In elemental terms, Bitcoin had go excessively inexpensive comparative to the Nasdaq, and buyers stepped in. The aforesaid setup is appearing again, reiterating a imaginable rebound successful BTC prices successful the coming weeks.