Bitcoin Regains Relative Strength vs S&P 500

Bitcoin has regained its relative strength against the S&P 500, reversing a weak June performance where it beat the index on just one-fifth of days. This marks the weakest stretch in six years.

The 4-hour chart shows BTC trading at $84,448.25, holding a bullish trend above the EMA50 at $83,609.52 and EMA200 at $79,934.11. The MACD confirms momentum via a golden cross at 36.91, while the RSI remains neutral at 56.88.

Trading inside Bollinger bands suggests that BTC may be testing upper resistance near $84,492.31 before potentially pulling back to EMA50 support and continuing its trend. This dynamic is taking place amid concerns about a crypto market crash and muted AI industry impact on this bid.