#BTCvsMarkets

Bitcoin (BTC) is currently trading at $92,712, showing a slight decline of 1.13% today. This comes after a significant rally earlier this month, where BTC surged to over $93,500, bringing the $100,000 mark back into focus. The recent uptick is attributed to a combination of factors, including President Trump's pro-crypto stance and a weakening U.S. dollar.

In contrast, traditional markets are experiencing turbulence. The S&P 500 has declined over 12% this year, and the Nasdaq is down nearly 18%, nearing bear market territory. This divergence highlights Bitcoin's potential as a hedge against macroeconomic uncertainties.

Looking ahead, Bitcoin's upcoming halving event in April 2025 could further influence its price trajectory, potentially reducing supply and increasing scarcity.

For traders, key support levels are around $85,000, with resistance near $100,000. Monitoring these levels will be crucial for understanding Bitcoin's movement in the coming weeks.