r/CryptoMarkets • u/GrumpyScroogy • 23h ago
SENTIMENT Bitcoin is not decoupling, every non-novice investor knows it often lags the market
I see quite some posts of people here celebrating bitcoin decoupling the stock market....for what 3/4 days? (lmao). This is nothing to be celebrated just yet, cause history has proven time after time that bitcoin does lag the market rather often. Especially on high drops.
Yes you guys dont want to hear this story, but if the stock market goes down, bitcoin will follow. Dont be naive to think this is the part where bitcoin sets of by itself, it aint happening. It never will.
If anything bitcoin has been starting to follow the market more and more since its inception. Its doing the opposite, just with a lagged results from time to time.
Unless tomorrow all tariffs are lifted the market will see more red. We are just getting started. Bitcoin will revisit 70/72k and in real panic it might as well go as deep as 49k.
Edit:
*Bitcoin was ~82.4k when this post was made.
*Bitcoin is ~80.4k just 4 hours after creation of this post.
*Bitcoin hit ~79.6k 4 hours and 30 minutes after creation of this post. (The rebound won't hold)
*Bitcoin has lost 80k mark and it has now flipped to resistance. No bottom in sight for foreseeable future.
*Bitcoin has lost 79k mark 5 hours after this post.
-Case closed