Bitcoin: S&P 500 Rises 5% as BTC Drops 20%

Bitcoin fell 20% over the last 90 days as the S&P 500 advanced 5%, repeating the same pattern across the past seven days and leaving the tape equity-led until BTC reclaims relative strength.

Price sits at $64404.57 beneath the EMA50 at $64475.22 while the EMA200 holds at $63771.63, confirming the bearish trend structure; the MACD death cross at -101.79 keeps downside momentum intact, and with price already inside the Bollinger band, the next volatility exhaustion target remains the lower band support at $63846.69 before any sustained equity outperformance can shift.