Bitcoin Upside Pressure Now Brewing As BTC Decouples From US Stock Market, Says Swissblock

Bitcoin

Bitcoin Upside Pressure Now Brewing As BTC Decouples From US Stock Market, Says Swissblock

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A crypto analytics firm believes that Bitcoin (BTC) is gearing up for a fresh upside burst as it begins to outperform the stock market.

In a new thread on the social media platform X, Swissblock says that Bitcoin is now “playing in its own league” after BTC held its ground amid a severe stock market sell-off this month.

According to Swissblock, Bitcoin looks to be playing the part of a safe-haven asset in the midst of market uncertainty stemming from President Trumps trade war.

Source: Swissblock/X

Bitcoin is up over 15% this month while the S&P 500 is down about 1.42%.

Swissblock also says that the Bitcoin Risk Index is flashing bullish for BTC. The metric aims to evaluate Bitcoins current risk environment by aggregating various data points, including on-chain valuation and cost-basis metrics.

According to the analytics firm, the metric suggests that Bitcoins selling pressure is fading while upside potential is heating up.

Source: Swissblock/X

Last week, Swissblock said that BTC needs to break its immediate resistance at around $95,000 to trigger new rallies. But the firm also said that BTC may first witness a retracement toward the $89,000 zone to gather bullish momentum before sparking a fresh leg up.

At time of writing, Bitcoin is trading for $94,826.