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via CoinDesk · By CoinDesk Staff

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

BTC

BTC/USDT

$64,397.68

+0.66%

$64,397.68

+0.66%

(24s)

24h Volume

$4,573,640,530.02

24h H/L

$64,599.95 / $63,810.00

Change: $789.95 (1.24%)

Long/Short

65.4%

Long: 65.4%Short: 34.6%

Funding Rate

+0.0040%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$64,366.00

▼ -0.01%

Volume (24h): -

Resistance Levels

Resistance 3$70,467.59

Resistance 2$66,379.48

Resistance 1$65,295.47

Price$64,366.00

Support 1$64,050.00

Support 2$62,909.86

Support 3$61,544.56

Pivot (PP):$64,220.09

Trend:Uptrend

RSI (14):50.6

CoinDesk Staff

(10:02 AM UTC)

1 min read

Reviewed byDavid Kim

508 views

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…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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Source

CoinDesk Staff · CoinDesk

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