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Can Bitcoin break out vs. tech stocks again? Nasdaq decoupling paints


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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 depicted 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.

vs. Nasdaq Composite weekly price chart. Source: Tuur Demeester, StockCharts.com
BTC/USD vs. Nasdaq Composite monthly price chart. Source: TradingView
Bitcoin and tech stocks price performance since. September 2017. Source: Bloomberg