As the US stock index is on the brink of breaking out again - this time after the turmoil caused by tariffs - Kaleo believes that Bitcoin may soon follow this trend and significantly outperform.
In a post on X, the analyst emphasized that history may repeat itself:
“The S&P 500 is once again on the verge of breaking a new record high - this time after fears about tariffs… I believe that we will see history repeat itself and when stocks break out - Bitcoin will too and significantly outperform.”
Outstanding Comparison Chart Pattern of 2020
The chart shared in the post overlays BTC ( in green) and S&P 500 ( in orange) from 2019 to 2025. This chart highlights how Bitcoin’s breakout at the end of 2020 was similar to the moment the S&P 500 entered the price discovery phase after the COVID incident. Kaleo suggests that we might be witnessing a similar setup right now.
If this correlation remains intact, the next major price increase of Bitcoin could be triggered by a breakout in the stock market, similar to the previous cycle.
This analysis reinforces the view that the recovery of the macro market and the risk appetite are the main factors driving the new growth of cryptocurrencies.
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