The S&P 500 index has been performing well, achieving at least 9.22% growth since its mid-March peak. Miles Deutsher conducted an analysis comparing the S&P 500 market to the Bitcoin market and predicts that if Bitcoin catches up to the performance of stocks, it could reach a price of $81,000, which is 9% above its yearly high. Currently, Bitcoin is lagging behind the S&P 500 market but has recently entered a bullish territory with a 4.1% rise in the last seven days. The expectation is that Bitcoin will reach a new all-time high in the final quarter of the year.
- Content Editor ( coinpedia.org )
- 2024-09-28
Bitcoin Price Prediction: Will BTC Follow the S&P 500’s Bullish Path?