💥While Bitcoin remains strong against macro uncertainties, analysts are cautious
Bitcoin rose 7.68% despite the decline in stock markets. Analysts are uncertain whether this divergence is permanent or just temporary.
In an environment of macroeconomic uncertainty, Bitcoin has shown resilience compared to the broader financial market, but analysts warn that it is still too early to know if this trend will continue.
Bitfinex analysts stated in a market note dated April 23, reviewed by Cointelegraph, "We're not quite there yet, but if Bitcoin maintains its strength during the upcoming CPI, as well as ongoing volatility related to Powell and stock earnings, the divergence narrative could shift from 'temporary deviation' to 'regime change.'"
