Analyst Kaleo shares his thoughts on the potential rise of Bitcoin amidst the recovery of the stock market, particularly the S&P 500.
Kaleo's Prediction for Bitcoin
In a recent post on platform X, analyst Kaleo stated that he believes Bitcoin could experience significant growth. He noted that the S&P 500 is on the verge of breaking through to new highs following uncertainty caused by tariffs.
Comparison of BTC and S&P 500 Charts
In his message, Kaleo presented a chart illustrating the correlation between Bitcoin (in blue) and the S&P 500 (in orange) from 2019 to 2025. The chart highlights how Bitcoin's breakout in late 2020 closely aligned with the moment the S&P 500 entered price discovery territory after the COVID crash. The analyst suggests we may be observing a similar setup now.
Impact of Macro Economy on Cryptocurrencies
If the correlation holds, Bitcoin's next significant upward movement could be triggered by a confirmed equities breakout, just like in the last cycle. This analysis adds to a growing narrative that macroeconomic recovery and risk-on sentiment are key precursors to renewed momentum in cryptocurrencies.
Thus, analyst Kaleo emphasizes the importance of stock market fluctuations for cryptocurrencies, asserting that Bitcoin could follow the example of the S&P 500 and explore new horizons.
