'Bitcoin is Finally Outperforming S&P', Delphi Digital Analyst Reveals When It Might Stop

Bitcoin has begun to outpace the S&P 500, signaling a shift from correlation-driven moves to independent crypto momentum. Price structure shows higher lows with a short-term ascending trend toward the mid-$70,000s and potential resistance in the mid-$80,000s. Delphi Digital’s analyst views the near-term as constructively bullish—advocating accumulation on dips while the structure holds—but warns the rally remains within a larger downtrend given long-term moving averages overhead. The analyst also flags the upcoming SpaceX IPO as a macro event that could reset risk appetite and prompt more defensive allocations (e.g., bonds). Overall, the piece implies continued upside potential for BTC but advises caution and reevaluation if BTC reaches the mid-$80k resistance zone.