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The S&P 500 index is on a roll, surging to new heights and leaving investors buzzing with excitement. Currently at 5,738.16, the market has climbed a staggering 9.22% since its mid-March peak of 5,253.63. But that’s not all. Cryptocurrency expert Miles Deutsher has delved deep into the S&P 500 market and uncovered some mind-blowing connections to the Bitcoin world. Are you ready to discover how these two seemingly different markets are intertwined? Keep reading. Bitcoin Price Prediction: What’s Next? Right now, the price of Bitcoin (BTC) is $65,607.99. In mid-March, BTC reached an all-time high of $73,000, meaning it is currently 11.26% lower than that peak. #Bitcoin could break ATHs way sooner than you think. The S&P 500 is now sitting 9% above its yearly high.$BTC is still lagging, 11% below its yearly high ($74k). If BTC catches up to stocks (9% above yearly high) – this would imply a BTC price of $81,000. The catchup begins. pic.twitter.com/VqpZ7oOrGg — Miles Deutscher (@milesdeutscher) September 28, 2024 The Possible Influence of Stock Market on Bitcoin    Historically, there has been some correlation between the performance of stocks and Bitcoin. Decutscher, like many experts, anticipates the possibility of Bitcoin following the path of the S&P 500. If the Bitcoin market archives a 9% increase from its yearly peak, its price will reach as high as $81,000.  #Bitcoin could break ATHs way sooner than you think. The S&P 500 is now sitting 9% above its yearly high.$BTC is still lagging, 11% below its yearly high ($74k). If BTC catches up to stocks (9% above yearly high) – this would imply a BTC price of $81,000. The catchup begins. pic.twitter.com/VqpZ7oOrGg — Miles Deutscher (@milesdeutscher) September 28, 2024 Will Bitcoin Catch up Soon? The primary observation of Decutsher is that the Bitcoin market is currently lagging behind…

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Filed under: News - @ September 28, 2024 2:20 pm