Bitcoin Struggles Near Key Support Despite S&P 500 Hitting New Highs

• Bitcoin is struggling near support even as the S&P 500 reaches fresh record highs.
• Bitcoin’s weakness versus stocks raises concerns about its next expansion phase.
• Analysts warn equity sell-offs could trigger leveraged liquidations across Bitcoin markets.

Bitcoin is barely holding above a key support level after recent volatility, even as the S&P 500 continues pushing to new highs and stabilizing broader risk markets. In strong risk-on environments, Bitcoin normally outperforms equities, making the current lack of leadership increasingly concerning for traders expecting another leg higher. The divergence is now raising fresh questions about how BTC could react if equities eventually begin to pull back.

Why Is BTC Showing Weakness?

Analysts attribute BTC’s current relative weakness to its present market structure. In strong risk-on environments, BTC has histo…

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