Bitcoin Outshines S&P 500 by 50% After Trump’s Tariff Bombshell

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Well, well, well… it seems like Bitcoin is still standing tall, even as the broader US stock market takes a tumble. On Friday, April 18, Bitcoin decided it wasn’t quite ready to dive under $80,000, despite the world seemingly going haywire. And if you thought this was just a temporary hiccup, think again. Bitcoin appears to have made a rather sophisticated pivot since Trump’s infamous “Liberation Day” tariff announcement on April 2. It’s almost as if Bitcoin knew exactly what was coming. 🤔

Bitcoin (BTC) Price Avoids $80K Breakdown Despite Early-Week Volatility

Oh, you thought Bitcoin would just crumble like the rest of the markets? Think again. Bitcoin has shown some serious resilience. Despite the dramatic global market swings, courtesy of the ever-enthusiastic US-China trade war, BTC decided to play it cool and stick above $80,000. Maybe it’s all that decentralized freedom and financial independence that’s keeping it grounded, huh? 🤑

Fast forward to today, and Bitcoin’s hanging out at a cozy $84,500. It’s almost like it’s laughing in the face of market turbulence. Weak hands have bailed, and now the real investors are back at the wheel. You know, the kind that don’t panic when things get a little too volatile. Classic Bitcoin move. 😎

Bitcoin Has Outperformed the S&P 500 Since Liberation Day Tariffs

Let’s talk performance, shall we? Because if we’re being honest, Bitcoin is looking pretty good compared to the S&P 500. Since Trump unleashed his trade war tariff bomb on April 2, Bitcoin has shown the market exactly how it’s done. While Nvidia took a hit with a $5.5 billion tariff-linked charge, Bitcoin just sat there like, “Is that all you’ve got?”

And here’s the kicker: According to Santiment data, Bitcoin’s outperformance has been nothing short of impressive. In just two weeks, the Bitcoin-to-S&P 500 divergence coefficient dropped from 0.16% to 0.083%, meaning Bitcoin has outperformed the S&P 500 by a neat 48.1%. You’d think the traditional markets would be a little jealous, right? 😏

With US jobless claims looking surprisingly strong and the possibility of rate cuts on the horizon, Bitcoin’s future could look even brighter. It’s almost like people are realizing that maybe, just maybe, the future of money isn’t stuck in the stock market. Just a thought. 💡

Bitcoin Price Analysis: BTC Poised for Breakout Toward $87,000?

Now, for those of you who enjoy a good technical breakdown, here’s the lowdown: Bitcoin is hanging out at $84,540, right below the midline of the Bollinger Bands on the daily chart. Not exactly the wild ride you were hoping for, but hey, it’s steady. After recovering from its early April dip to $77,900 (poor Bollinger Band support), Bitcoin has started to climb with less volatility than a snail on a lazy day.

The upper Bollinger Band is giving Bitcoin some serious resistance at $87,424. But, hey, who’s to say it won’t smash through that? If it does, we might be looking at a move toward $88,000—because why not dream big, right?

Volume Delta? Meh, it’s neutral at 193. So, it’s basically a coin toss. But those narrowing bands? Definitely hinting at a volatility explosion in the near future. As for the forecast? Well, if Bitcoin can break through $85,500, we could see it race to $87,400 and maybe even $88,000. It’s all looking pretty bullish, if you ask me.

But here’s the catch: if Bitcoin dips below $82,680, there’s a chance it could fall back to $80,000 and $77,900. That being said, barring any freak sell-off, the path forward still looks like a steady climb. So, unless you’re planning on selling the news, you might want to hang tight. 🐂

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2025-04-18 21:11