Bitcoin: S&P 500 Correlation Hits 2015 Low

Bitcoin log-log correlation with the S&P 500 has dropped to its lowest level since 2015, as recreated by @Andre_Dragosch from @willywoo charts.

This Bitcoin S&P 500 correlation history echoes the setup before the mid-2015 to late-2017 advance that delivered roughly 9,800% gains, shaping fresh BTC price prediction scenarios and reducing odds of an immediate crypto market crash.

Technical confluence on the 4h chart places BTC at $79481.91 inside the Bollinger Bands, testing upper resistance at $80625.95; the neutral RSI at 49.13 and bearish MACD death cross at 119.77 sit against a still-bullish EMA structure, pointing to a probable retracement toward the 50-EMA support at $79066.34 before any continuation higher.