📢 Bitcoin: Hedge or Just Another Tech Stock?
🚀 $BTC recently tested the $84,500 resistance level before facing selling pressure. With inflation fears rising and market uncertainty increasing, investors are debating whether Bitcoin is still a hedge or just another risk asset.
🔍 Key Insights:
Correlation with NASDAQ: Some analysts argue that Bitcoin now behaves more like a tech stock than "digital gold."
ETF Impact: The rise of Bitcoin ETFs has tied BTC closer to traditional finance, increasing its correlation with stocks.
Technical Analysis: RSI showed overbought signals before a pullback, and MACD suggests mixed momentum. If $BTC holds $82,200, another rally attempt is possible.
💡 Will Bitcoin break free from stock market trends and reclaim its hedge status, or is it just another tech investment now?
📊 Current Price: $BTC $84,000
📉 Support: $82,200 | 📈 Resistance: $84,500
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