Bitcoin: Correlation With Tech Stocks Hits Zero
Bitcoin correlation with tech software stocks drops to zero at $77943.42 price, establishing BTC as independent asset class with bullish 4h EMA support intact.
SourceAnalysis
Bitcoin correlation with tech software stocks has dropped to zero, confirming BTC as a standalone asset class per the latest data from @BitcoinArchive.
Price action at $77943.42 holds a bullish structure above the EMA50 support at $68652.43 and EMA200 at $65388.99. With RSI(14) at 89.44 flashing overbought and price pressing the upper Bollinger Band resistance of $81230.64, a healthy retracement toward the 50-EMA remains probable before continuation, while the MACD golden cross at 3435.44 reinforces the underlying trend strength. This decoupling supports fresh BTC price prediction models and crypto market analysis focused on institutional flows rather than equity beta.
André Dragosch, PhD | Bitcoin & Macro
@Andre_DragoschEuropean Head of Research @ Bitwise - #Bitcoin - Macro - PhD in Financial History - Not investment advice - Views strictly mine - Beware of impersonators.
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