PlanB: BTC decouples from stocks and gold, a pattern that previously led to a 10x surge

Prominent Bitcoin analyst PlanB noted on X that Bitcoin is currently deviating significantly from its historical correlation with the S&P 500 and gold. He explained that a similar decoupling occurred when BTC was trading below $1,000, which was followed by a tenfold price increase. However, PlanB cautioned that correlations can break at any time and that a similar rally might not materialize on this occasion. He concluded by stating that the outcome will become clear over time.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments