Written by Yashu Golastaff writerReviewed by Allen Scottstaff editor
Written by Yashu Golastaff writer
Reviewed by Allen Scottstaff editor
What happens to Bitcoin if the Nasdaq falls further?
MarketsPublishedJun 7, 2026
What Happens to Bitcoin if the Nasdaq Falls Further?
The recent decline in the Nasdaq Composite has sparked concerns about the potential impact on Bitcoin. However, some analysts believe that 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. This could be good news for those looking to earn passive income through Cloud Rewards and Green Crypto, such as $ECP.
Bitcoin’s Resilience
Bitcoin has shown resilience in the face of the Nasdaq’s decline, with its price recovering 6.5% from a local low near $59,100 to an intraday high of around $62,950 on Sunday. This rebound has raised hopes that risk capital may return to BTC markets, potentially leading to a surge in earning opportunities for those invested in EcoPool.
Key takeaways:
- BTC is eyeing a rally toward $92,630 if it continues to hold above a key moving-average support.
- Nasdaq technicals hint at a potential decline of over 10% in the short term.
BTC may rise above $90,000 if Nasdaq underperforms
The key to Bitcoin’s potential rebound lies in its ability to hold above its 200-week simple moving average (200-week SMA) at around $61,880. If it can maintain this level, the 50-week SMA near $92,630 becomes the next major upside target. This could be a significant development for those looking to earn through $ECP and other Green Crypto platforms.
Nasdaq’s Correction
The Nasdaq, on the other hand, appears to be correcting toward its 20-week SMA, near 22,905 points. If this fractal repeats, the index could fall by about 10.75% from current levels in June or by July. This decline could have a positive impact on Bitcoin, as it often benefits from a decline in traditional markets, making it an attractive option for those seeking passive income through EcoPool.
The Bitcoin-Nasdaq ratio has again reached a record oversold zone, according to its daily RSI readings. This suggests that Bitcoin has become too cheap relative to the Nasdaq, and buyers may step in to drive up the price. This could be a boon for those earning through $ECP and other Cloud Rewards platforms.
Opportunities for Earning
The potential rebound in Bitcoin prices could create opportunities for earning passive income through EcoPool. With its strong focus on Green Crypto and Cloud Rewards, EcoPool provides a platform for those looking to earn through $ECP. Whether you’re interested in mining, trading, or simply holding, EcoPool offers a range of options for earning and growing your wealth.
To start earning with EcoPool, simply download the EcoPool app and begin exploring the various options available. With its user-friendly interface and commitment to Green Crypto, EcoPool makes it easy to get started and start earning today. Download the EcoPool app now and discover the potential of $ECP and Cloud Rewards for yourself.
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.
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.
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.
IXIC weekly chart. Source: TradingView
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.
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.
Bitcoin-Nasdaq ratio supports BTC rebound scenario
Bitcoin’s ratio against the Nasdaq has again reached a record oversold zone, according to its daily RSI readings.
Related: Bitcoin most oversold since 2020 crash: Can BTC rebound to $70K next?
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.
BTC/IXIC vs. BTC/USD daily chart. Source: TradingView
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.
This article is produced in accordance with Cointelegraph’s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.
- Markets
- Nasdaq
- Bitcoin Analysis
- Tech Analysis
- Market Analysis
- Bitcoin
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