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Can Bitcoin Stay Strong as SPX Declines?

As the S&P 500 dips, traders watch Bitcoin’s response closely. Will BTC show strength or fall to $90K?

  • BTC and ETH peaked last month while SPX trends down.
  • Bitcoin’s reaction to SPX weakness will be key.
  • A new BTC low could trigger a rapid drop to $90K.

All Eyes on Bitcoin as Stocks Fall

Bitcoin’s behavior is once again in the spotlight as the S&P 500 (SPX) shows signs of weakness. With traditional markets cooling off, including gold and major indices, traders are watching closely to see if Bitcoin will follow the trend—or decouple and show resilience.

Last month, both Bitcoin and Ethereum hit their local peaks, followed by a mild retreat. At the same time, the S&P 500 began to decline, raising questions about how crypto would respond in a broader risk-off environment.

A Repeat of April 2025?

The key metric to watch is whether Bitcoin makes a new local low. If it holds above its previous lows despite the stock market downturn, that would signal notable strength—similar to the pattern observed in April 2025. Back then, BTC held its ground during an SPX pullback, which was a precursor to a strong rally.

Traders are using this potential scenario as a signal. Holding steady could mean the market is favoring Bitcoin over traditional risk assets. That might also reinforce the idea that Bitcoin is maturing into a macro asset with its own narrative.

$90K in Sight if Support Fails

However, if Bitcoin does break its recent support levels and makes a new low, analysts expect the drop could accelerate rapidly. One possible target mentioned by traders is the $90,000 zone—a level that could act as psychological and technical support in a fast-moving market.

This divergence between strength and weakness hinges largely on how Bitcoin behaves in the coming days. Will it prove itself again, or follow traditional markets lower?

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Disclaimer: The content on CoinoMedia is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency investments carry risks, and readers should conduct their own research before making any decisions. CoinoMedia is not responsible for any losses or actions taken based on the information provided.

Isolde Verne

Isolde Verne is a passionate crypto writer, focusing on blockchain innovation, NFT ecosystems, and the societal impact of decentralized systems. Her engaging style bridges the gap between technology and everyday understanding.

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