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via CoinDesk · By CoinDesk Staff

Low bitcoin-software correlation suggests a major move may be approaching

BTC

BTC/USDT

$79,725.99

-0.01%

$79,725.99

-0.01%

(24s)

24h Volume

$6,282,213,164.80

24h H/L

$80,200.00 / $79,442.00

Change: $758.00 (0.95%)

Long/Short

52.8%

Long: 52.8%Short: 47.2%

Funding Rate

+0.0009%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,736.01

▲ 0.09%

Volume (24h): -

Resistance Levels

Resistance 3$88,315.23

Resistance 2$82,300.00

Resistance 1$79,796.06

Price$79,736.01

Support 1$79,635.96

Support 2$76,187.99

Support 3$74,131.55

Pivot (PP):$79,916.17

Trend:Sideways

RSI (14):66.6

CoinDesk Staff

(10:02 AM UTC)

1 min read

Reviewed byDavid Kim

0 comments

Bitcoin and software stocks are breaking up — and history says a major crypto move is coming

Bitcoin and software equities have sharply diverged after moving in lockstep for years, raising questions over whether bitcoin will eventually catch up.

Bitcoin BTC$73,038.00 and software stocks moved almost in lockstep for much of the past five years, with BTC treated as a high-beta technology asset.

The…

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Source

CoinDesk Staff · CoinDesk

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