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Can Bitcoin break out vs. tech stocks again? Nasdaq decoupling paints $100K target -Breaking

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© Reuters

A potential decoupling scenario between (BTC) and the can push BTC’s price to $100,000 within 24 months, according to Tuur Demeester, founder of Adamant Capital.

Demeester Illustration Bitcoin’s growing market valuation against the tech-heavy United States stock market index, highlighting its ability to break out every time after a period of strong consolidation.

Composite Weekly Price Chart vs. Nasdaq Source: Tuur Demeester, StockCharts.com
BTC/USD compares to Nasdaq Composite monthly chart. TradingView
Since September 2017, the price of bitcoin and tech stocks has been rising. September 2017. Source: Bloomberg