Crypto analytics company believes Bitcoin (BTC), as it starts to perform better than the stock exchange, is preparing for another upside surge.
Swissblock, in a thread posted on social media platform X says Bitcoin now plays “in its own league”, after BTC remained stable despite a major stock market drop this month.
Swissblock reports that Bitcoin is playing the role of a “safe-haven” asset amid the market turmoil caused by President Trump’s tariff war.
Bitcoin’s decoupling of equities from bitcoin is confirmed.
Bitcoin will not be affected by a shift in sentiment surrounding the trade war.
It could actually strengthen if it were to be treated like gold.
“Upside pressure is building.”
Bitcoin has risen over 15 percent this month, while S&P is down around 1.42%.
Swissblock says the Bitcoin Risk Index also flashes bullish for BTC. This metric is designed to assess Bitcoin’s risk by using various data, such as on-chain pricing and cost-basis metrics.
The analytics firm claims that the metrics indicates that Bitcoin is losing its selling pressure while the upside potential of the currency is increasing.
“Beware bears!
The Risk-Off signal has been at zero for several days. This is clear proof that the downside pressure on stocks is decreasing.
“We’re now in a bullish stabilization. Pullbacks will be the launchpads of more upside.”
Swissblock stated last week that BTC must break through its immediate resistance of around $95,000 in order to spark new rallies. The firm said BTC could first experience a retracement towards the $89,000 area to gain bullish momentum.
Bitcoin currently trades for $94,826.
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The post Bitcoin Upside pressure Now Brewing as BTC Decouples from US Stock Market Says Swissblock could be updated to reflect new information.
