#bitcoin #S&P500

🚀 Bitcoin-S&P 500 correlation hits 80%, tying crypto to stocks! 📈

$BTC is trading at ~$116,565, holding strong above the $115,724 support after breaking key SMAs. Bulls eye $122,077, but $117,000 resistance looms. 📊

With US equities in a bullish phase, $BTC could ride the wave to new highs. But beware: a stock market dip might spark crypto volatility. 📉

Analyst Axel Adler notes macro forces like interest rates and liquidity are driving BTC. While short-term correlation spikes may fade, US crypto adoption (ETFs, corporate treasuries) fuels long-term optimism. 💪

Traders, keep an eye on equities and risk sentiment—moves there could ripple to BTC fast! 👀