"While the shock may be sustained in stock markets, the nature of cryptocurrency will see straight through this dip," Landsberg-Sadie told CoinDesk.
Bitcoin's price fell about $4,300 in the last 24 hours.
The drop below $55,000 comes at a time when cryptocurrency fund inflows have been on the decline.
The largest cryptocurrency continues to claw back ground after last week suffering its biggest loss since March 2020.
A bearish engulfing candle is just one signal among many market indicators and some analysts say the bull market is intact.
De acuerdo a analistas, la criptomoneda necesitará una mayor cantidad de compras al contado para mantenerse por encima de esa marca
Bitcoin is heading north having blown past two price hurdles to reach another record all-time high.
Bitcoin has risen above $20,000 to reach the highest point in its 12-year history.
Bitcoin has fallen toward a key area of psychological support near $18,000.
Bitcoin fell more than 12%, its sharpest decline in months.
Bitcoin's price broke through $18,000 in what some experts are attributing to global events and bullish fundamentals in crypto.
Bitcoin's price breaks above $16,000, reaching an almost three-year high.
Bitcoin (BTC) has crossed into the bullish territory, but may remain vulnerable to another sell-off in stocks.
Bitcoin advanced on Monday, ending a 10-day-long price consolidation, as the U.S. dollar weakened against gold and fiat currencies.
Bitcoin is looking to leap key resistance alongside a strong rally in gold, but its role as an inflation hedge is still weak.