NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: SoftBank, Ark Invest Among Potential Investors In Tether's $15 Billion Funding Round
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: SoftBank, Ark Invest Among Potential Investors In Tether's $15 Billion Funding Round

How Will Top Analyst’s S&P 500 All Time High Prediction Affect Bitcoin?

Yashu Gola
Yashu Gola
1 year ago
2 mins read
bitcoin, btcusdt, cryptocurrency, xbtusd, btcusd, s&p 500, spx

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

  • As Bitcoin maintains its positive correlation with the S&P 500, a top analyst has predicted an all-time high for the U.S. benchmark.
  • Research firm DataTrek published a note earlier this week that the S&P would rise by another 14 percent by the end of 2020.
  • The prediction raised the possibilities of Bitcoin retesting its all-time high of $20,000.

A top analyst sees the S&P 500 breaching its record high by the end of this year. And the prediction has left Bitcoin’s market bias in a similar headspace.

New York-based research firm DataTrek said in a Monday note that the S&P 500’s trading activity since March 23 is almost identical to its performance back in 2019.

s&P 500, spx, us stocks, financial crisis

For instance, the U.S. benchmark index was 37.1 percent up 58 days after it bottomed in March 2009. And in 2020, it was similarly trading 37.1 percent higher, 58 days after it established its yearly low on March 23. There were also some differences between the two fractals that made DataTrek’s analogy less than perfect.

“On April 14, the 2020 rally got ahead of 2009 by 11 full points (+27.2% from the lows vs +16.4% in 2009). The 2020 rally then gave up all those gains in the next 5 days,” the firm said.

Nevertheless, the overall takeaway remained optimistic about a continuation in the stock market rally, with DataTrek targeting an additional 14 percent upside move from the current levels. That would put the S&P 500 at 3,588, its highest level on records.

Bitcoin to $18K

A rally in the S&P 500 does not precisely benefit Bitcoin directly. The two markets remain entirely different in terms of their functionality and backings. However, the ongoing pandemic-induced global financial crisis has balanced the odds.

Bitcoin and S&P 500 have formed an uncanny positive correlation against the current macroeconomic backdrop, with a top analyst PlanB measuring their R-squared value at 95 percent. The proximity between the two has grown since the March 2020’s global market rout.

bitcoin, btcusdt, cryptocurrency, xbtusd, btcusd

Traders enter the Bitcoin market typically to secure high-yields in a shorter period. Meanwhile, the same retail investors are speculating on an otherwise institutionally-laded S&P 500 market to hunt quick gains. The sentiment has made the U.S. benchmark an erratic and volatile index, altogether.

Conclusion

If the correlation sustains, then a rally in the S&P 500 index, as indicated by DataTrek, could leave Bitcoin in a similar bullish territory. PlanB believes the cryptocurrency would surge towards $18,000 based on the same assumptions.

“Current S&P level implies BTC [at] $18K (or S&P to go down),” the creator of the popular Stock-to-Flow model tweeted Wednesday.

Tweet123Share196ShareSend
Yashu Gola
Yashu Gola

Yashu Gola

Yashu Gola is a Mumbai-based finance journalist. He is profoundly active in the bitcoin space since 2014 – and has contributed to several cryptocurrency media outlets, including NewsBTC, FxDailyReport, Bitcoinist, and CCN.

Read more

Academically, Yashu holds a bachelor's in information technology, with majors in data structures and C++ programming language. He has also won the 'Atulya Award' for his efforts towards raising $100,000 for an India-based farming project.

Close

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

XRP

XRP Explosion Ahead? Analysts Outline Longevity And Bold $200 Target

According to reports from Egrag Crypto, a statistical model now being applied to XRP points to a wide range of...

Christian Encila 6 hours ago
Bitcoin price news

Bitcoin Could Go To Zero, Hedge Fund CEO Warns

Charles Edwards, founder and CEO of Capriole Investments, has issued his starkest warning yet on quantum computing, arguing that Bitcoin...

Jake Simmons 8 hours ago
CoinPoker

Чемпионат мира по кэш-игре PLO стартует в CoinPoker

Онлайн-платформа CoinPoker готовится к событию, которого ждали поклонники покера по всему миру. Уже 6 октября здесь начнется первый в истории...

daria 8 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

XRP

XRP Short Squeeze: Analyst Reveals Available Trading Supply Could Fall To Bitcoin’s 21 Million

Scott Matherson 50 minutes ago
Dogecoin price news

Dogecoin Breakout Fever: Is The 300% Moonshot Back?

Jake Simmons 2 hours ago
Solana

Solana At A Crossroads: This Key Indicator Holds The Key To $175 Or $220

Godspower Owie 3 hours ago

Premium Sponsors

Press Releases

  • 8,000ドルへの道筋と、市場が注目する代替案

    イーサリアム...

    2 minutes ago
  • ビットコイン...

    9 minutes ago
  • 2026年に向けて、500%の上昇は現実的か?

    シバコイン...

    20 minutes ago
  • 支持線割れの危機、投資家は代替案へ

    パイネットワーク...

    26 minutes ago
  • Bitcoin Hyper (HYPER) može doseći 150.000 USD (~3,45 milijuna HRK) – Značajne kriptovalute prije velikog rasta

    Bitcoin Hyper (HYPER) može doseći 150.000 USD (~3,45...

    3 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.