Bitcoin: Log Levels Reveal Medium-Term Decoupling
Bitcoin S&P 500 correlation at lowest since 2015 via 260-day log price levels, signaling trend divergence ahead of potential catch-up.
SourceAnalysis
Bitcoin and S&P 500 correlation hits lowest level since 2015 because 260-day log price levels track medium-term trajectory co-movement rather than daily shocks from FOMC or CPI prints.
Price at $79480.62 sits inside Bollinger Bands with upper resistance at $80625.99 and lower support at $78985.44; the bullish EMA structure shows EMA50 at $79066.29 acting as immediate support while EMA200 at $73671.89 anchors the broader uptrend, yet MACD death cross at 119.67 and neutral RSI at 49.11 suggest short-term momentum stall before continuation.
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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