Bitcoin: Poised to Track Nasdaq
Bitcoin eyes Nasdaq rebound with weakest correlation in 10 years, lowest valuation vs gold, signaling +45% gains in 3 months post-correction.
SourceBitcoin stands ready to mirror the Nasdaq's moves, as highlighted by trader Michaël van de Poppe. The correlation between BTC and the tech-heavy index has plunged to its weakest in a decade, hitting -0.20 in late 2025 and early 2026, down from highs of 0.75-0.85 in 2022. This disconnect creates a prime opportunity for BTC price prediction, especially with its valuation against gold at historic lows in sigma terms. Historical patterns show correlations held strong from 2021-2022 at 0.40-0.70, with brief dips around the Bitcoin ETF launch, but the current breakdown suggests either Nasdaq lags BTC into a correction or leads it into reversal. Post-recent crypto market crash, data points to average +45% returns in three months and +370% in 12 months, marking an ideal entry amid broader crypto market trends.
On the 4-hour chart, Bitcoin trades at $74,701.29 within a bullish structure, hugging the EMA50 at $72,635.69 as immediate support while the EMA200 at $70,419.64 anchors longer-term floors. Momentum holds neutral with RSI at 60.2, but the MACD's bearish death cross at 699.99 signals potential exhaustion—price dances inside Bollinger Bands, testing upper resistance at $76,480.58 against lower support of $71,394.37. Confluence here screams caution: with volatility bands squeezing and MACD flipping negative, expect a tactical pullback to EMA50 before bulls reclaim control, especially if Nasdaq correlation snaps back and fuels upside in this BTC-heavy environment echoing TAO token hype.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast