#DeepSeekImpact
Bitcoin is “extremely bullish” as traders prepare for the next BTC price surge.
Bitcoin is back in “buy” territory after reclaiming the $102,000 level.
Bitcoin is back in “buy” territory after reclaiming the $102,000 level during the DeepSeek-driven US stocks crash.
In a post on X on January 28, Andre Dragosch, European head of research at asset management firm Bitwise, called BTC’s price action “extremely bullish.”
BTC’s price action “outperformed” the Nasdaq.
Bitcoin is outperforming equity markets on intraday timeframes, showing resilience in the face of massive uncertainty over US prowess in the AI sector.
The BTC/USD pair has gained over $5,000 since its local lows of $97,750 on Jan. 27, putting it firmly in contrast to both the S&P 500 and Nasdaq 100. The latter closed the last trading session down 1.5% and 3%, respectively.
Even as concerns continued over DeepSeek due to the announcement of another AI tool from the firm, the Janus-Pro-7B image generator, Bitcoin bulls held onto the six-figure mark.
