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How does Bitcoin’s surge over the S&P 500 impact BTC prices?

Bitcoin has surpassed 100,000 USD, highlighting reduced correlation with traditional stock markets. On January 8, 2025, Bitcoin achieved a 3.7% increase compared to the S&P 500’s 0.4% gain, indicating a potential decoupling. Analysts suggest this divergence could herald a new bull market for Bitcoin, as it operates more independently from macroeconomic factors.

Strong support is identified between 95,400 USD and 98,400 USD. Analysts note HIGH demand in this zone, preventing significant declines. Minimal resistance is present above 104,700 USD, indicating potential for further price increases. Rising open interest and trading volumes suggest increasing trader engagement, although this poses a risk of volatility.

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