Bitcoin Rebounds Strongly Despite Risk Aversion Narrative

Bitcoin Rebounds, Breaking 5-Day High Despite Broader Market Turmoil

Crypto Finds Footing as Equities Slip on Trade Concerns

Bitcoin (BTC/USD) has rebounded strongly from recent losses, touching a 5-day high of $106,547, before slightly retreating to $105,313, still 0.4% lower on the day. The surge follows a sharp decline over the weekend that took Bitcoin to its lowest level in nearly two weeks.

This upswing comes amid losses in global equity markets, driven by renewed skepticism around US trade policy. While equities decline in response to macroeconomic uncertainty, crypto assets are seeing divergent behavior, according to Saxo Bank analysts.

“This isn’t risk aversion driving Bitcoin up,” Saxo says. “It’s more of a market reset after a technical pullback.”

Bitcoin Rally Not a Classic Safe Haven Response

Unlike traditional safe-haven flows seen in Gold or US Treasuries, today's Bitcoin move doesn't appear to be fueled by fear. Instead, analysts believe it's part of a broader technical correction, reclaiming ground lost during last week's downturn.

While the crypto market sentiment remains mixed, technical indicators show a short-term recovery pattern, with buyers stepping in near key support levels.

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