Swissblock says the bullish pressure of Bitcoin is now brewing as BTC turns from the US stock market.
The encryption analysis company believes that Bitcoin (BTC) is preparing for a new head explosion as it begins to outperform the stock market.
On a new topic on the social media platform x, swissblock He says Bitcoin is now “playing in its own league” after BTC retained the time of selling the high market in the stock market this month.
According to Swissblock, Bitcoin appears to play a role in a safe asset in the midst of uncertainty in the market caused by President Trump’s trade war.
“Bitcoin’s separation from the shares has been confirmed:
Even if feelings of feelings about trade war, Bitcoin will not be severely affected.
In fact – like gold – can be enhanced.
The upward pressure is fermentation. ”
Bitcoin rose more than 15 % this month, while S&P 500 decreased by about 1.42 %.
Switzerblock also He says The Bitcoin Risk Index is going up to BTC. The scale aims at Evaluate The current risk environment for Bitcoin by collecting different data points, including the evaluation of the chain and cost standards.
According to the Analysis Company, the scale indicates that the pressure of sale in Bitcoin fades while the bullish capabilities increase.
“Beware the bear!
Risk signal in 0 days: clear evidence that negative pressure disappears.
We are in bullish stability – withdrawal now is launch platforms for more bullish direction. “
Last week, Swissblock said that BTC needs to break its immediate resistance with about 95,000 dollars to operate new gatherings. But the company also said that BTC may first witness a decline in the $ 89,000 region to raise the bullish momentum before raising its fresh leg.
At the time of this report, Bitcoin is traded for $ 94,826.
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