Bitcoin Price Analysis: Negative Nasdaq Correlation Hints at Potential Market Bottom for BTC

The inverse relationship between Bitcoin (BTC) and the Nasdaq stock index continues, a pattern that historical data indicates could signal the formation of a market bottom for the leading cryptocurrency. Analysts observe that Bitcoin's price action is moving opposite to the tech-heavy Nasdaq, a dynamic often seen during periods of macroeconomic uncertainty. This persistent negative correlation is being closely watched as a potential bullish indicator. Historical trends suggest that when such a decoupling from traditional risk assets is sustained, it may precede a significant reversal and upward momentum for Bitcoin. Market participants are monitoring key support levels for BTC, interpreting this phase as a possible accumulation zone before the next major price movement. The current divergence underscores Bitcoin's evolving role as an alternative asset class.