Bitcoin Decouples from Traditional Markets, Trades Independently
- Market Correlation Shift: According to CryptoQuant analyst Maartunn, Bitcoin's correlation coefficient to Nasdaq is currently near zero, indicating a significant increase in its independence from U.S. equities, which may impact investors' asset allocation strategies.
- Gold Relationship Reversal: Bitcoin's correlation to gold has dropped to approximately -0.5, indicating a negative correlation that suggests Bitcoin is no longer viewed as digital gold or a safe haven asset, potentially altering investors' perceptions of its risk profile.
- Deviation from Historical Patterns: Bitcoin maintained a positive correlation with both Nasdaq and gold until mid-2025, but current data shows a significant divergence from historical patterns, which may lead investors to reassess its role in their portfolios.
- Market Dynamics Uncertainty: Currently trading around $87,500, Bitcoin has experienced early-week declines but remains in sideways consolidation, leaving the persistence or reversal of this correlation pattern uncertain, reflecting the complexity of evolving market dynamics.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
About the author
