Bitcoin (BTC) traders in India are gearing up for a potential rally towards $100,000 as the cryptocurrency shows signs of decoupling from the US stock market and gold. Despite initial market turbulence following US President Donald Trump’s global tariff announcement on April 2, Bitcoin rebounded while the S&P 500 plummeted. The recent divergence in performance between Bitcoin and gold is fueling the “gold leads, Bitcoin follows” narrative, reminiscent of trends from late 2018 to mid-2019 that led to significant price gains for Bitcoin. Market analysts are optimistic about Bitcoin’s potential to outperform gold, with projections of reaching $100,000. However, caution is advised as the Bitcoin-to-gold ratio could indicate a bearish trend, potentially leading to a drop towards $65,000. A deeper correction could be on the horizon if historical patterns repeat amidst macroeconomic uncertainties. Despite the bullish sentiment, concerns about a US recession loom, driven by Trump’s tariff war and Federal Reserve Chair Jerome Powell’s stance on interest rates. Traders are advised to conduct thorough research and exercise caution due to the inherent risks involved in cryptocurrency investing.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin (BTC) traders in India are gearing up for a potential rally towards $100,000 as the cryptocurrency shows signs of decoupling from the US stock market and gold. Despite initial market turbulence following US President Donald Trump’s global tariff announcement on April 2, Bitcoin rebounded while the S&P 500 plummeted. The recent divergence in performance […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[25],"tags":[],"aioseo_notices":[],"featured_image_urls":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":""},"author_info":{"display_name":"","author_link":"https:\/\/vanillanews.com\/index.php\/author\/"},"category_info":"JUST IN<\/a>","tag_info":"JUST IN","comment_count":"0","_links":{"self":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/88360"}],"collection":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/comments?post=88360"}],"version-history":[{"count":0,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/88360\/revisions"}],"wp:attachment":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/media?parent=88360"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/categories?post=88360"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/tags?post=88360"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}