Bitcoin’s breakout past $118,000 shows a strong bullish candle supported by upward-sloping moving averages. However, RSI above 80 and KDJ near overbought levels suggest short-term overheating, indicating possible correction risk despite long-term strength.
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Crypto’s correlation with equities like the S&P 500 has fluctuated. In the current rally, Bitcoin is showing relative independence, but macro shocks could re-tighten correlations quickly.
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Bitcoin's rising market share may lead to increased institutional focus, but it could also trigger heightened regulatory scrutiny. This shift might define the crypto landscape going forward.
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