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Bitcoin price rebounds above $66K as weak gold and stock correlation hints at upside potential
Bitcoin climbed back toward $66,000 after Tuesday's advance in United States equities, with tech and AI stocks leading the move. The recovery coincided with a positive flip in the Bitcoin Coinbase Premium Index and $258 million in ETF net inflows, signaling renewed demand from U.S. traders. Onchain data also shows Bitcoin's correlation with both the S&P 500 and gold at multi‑year lows, which some analysts say could precede substantial upside if the relationship normalizes.
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Bitcoin Analysts Eye Triple-Bottom Setup and Correlation Signals for Possible $84,000 Upside
Bitcoin traded in a tight band on Monday after a volatile week, with its price down nearly 6% over the past seven days while broader crypto markets saw heavy selling. Several analysts highlighted a possible bullish triple-bottom scenario linked to Bitcoin’s strong correlation with a BlackRock tech ETF, as well as extreme fear readings and compressed price action between roughly $67,000 and $68,000. Bitcoin was changing hands at $65,346 at press time, up 3.0% in the past 24 hours.
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