Bitcoin: Decouples From Equities As S&P Correlation Falls

Bitcoin and equities are decoupling as correlation with the S&P approaches its lowest point in almost two years, fading the tight equity relationship that defined much of the recent downtrend according to Glassnode.

Price holds at $77836.77 inside Bollinger Bands with upper resistance at $79093.85 and lower support at $77295.57, while the bullish EMA50 at $77588.19 and EMA200 at $71427.05 anchor the structure; neutral RSI at 44.62 combined with the MACD death cross at -13.41 signals a probable healthy retracement to the 50-EMA before continuation, sharpening BTC price prediction models for the next leg higher.