The post Bitcoin Surpasses $100K, Analysts Suggest Potential Bull Market as Decoupling from S&P 500 Emerges appeared on BitcoinEthereumNews.com.

Bitcoin’s recent surge beyond $100,000 signals a pivotal moment as it begins to diverge from traditional equity markets, hinting at a potential new bull run. Analysts are observing a significant decoupling of Bitcoin from the S&P 500, highlighting a robust demand in key price ranges that may safeguard its upward trajectory. According to Santiment, “Current data suggests that BTC may break away from stock market fluctuations,” indicating evolving market dynamics. Bitcoin breaks past $100,000, indicating a strong potential for new highs as it decouples from traditional markets, fostering bullish sentiment among analysts. Bitcoin Surges Past $100,000: A Shift in Market Dynamics On January 7, 2025, Bitcoin reached a new milestone, with its price hitting $100,839, marking a 1.39% increase over 24 hours and a notable 7.16% rise over the past week. This surge has prompted analysts to examine its decoupling from traditional markets, particularly the S&P 500. The potential for Bitcoin to operate independently from equities could signal the onset of a new bull market. Historical Context: Decoupling from Equities Historically, Bitcoin has been treated as a high-risk asset closely tied to tech stocks, largely due to its volatile nature. However, recent data from Santiment indicates a growing divergence, with Bitcoin posting a 3.7% gain compared to a mere 0.4% for the S&P 500 on the same day. This shift could represent a change in how investors view cryptocurrency within the larger financial landscape. Analysts believe that such decoupling is crucial for Bitcoin to initiate a sustained bull run, as seen in its previous cycles. Market Structure: Support and Resistance Levels Recent analysis highlights a critical support zone for Bitcoin situated between $95,400 and $98,400, where approximately 1.77 million addresses have accumulated around 1.53 million BTC. This level is pivotal, as it reflects a solid demand foundation that could absorb…

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Filed under: News - @ January 8, 2025 8:17 am