Bitcoin: Longest Underperformance Streak vs S&P 500
Bitcoin underperforms S&P 500 on two-thirds of days with longest 6-year streak at $64257.22 amid degrading excess returns.
SourceAnalysis
Bitcoin underperforms the S&P 500 on two out of three trading days, with outperformance occurring on only one-third of sessions over the last three months to mark the longest such streak in six years according to glassnode data.
Price action at $64257.22 holds above EMA50 support at $63729.01 and EMA200 at $63780.37 to sustain the bullish trend while MACD at 242.25 prints a golden cross; RSI at 62.94 stays neutral inside the Bollinger Bands so any test of upper resistance at $64701.59 could exhaust volatility before a pullback to lower support at $62415.91 shapes the next BTC price prediction and crypto market crash scenarios.
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