Can Bitcoin Ride A Stock Market Breakout? $80K Next If S&P 500 Keeps Rallying

Source: TradingView

A very high time frame view is that of the monthly. Many investors do not go this far out, with most of them content with looking at the weekly for their macro outlook. The above very simple chart tells us much about what could be coming for the $BTC price.

Firstly, we have a major trendline. Begun at the beginning of 2023, it gave support later that year, and then very importantly, it was tagged more recently at the beginning of 2026, which became the base for this current rally. As long as the price holds above this trendline, it would suggest that the bottom is in, and that this can be a durable rally that eventually takes the price back to the all-time high.

It does have to be noted that there is one more possible trendline that is lower down. This would give a bottom of $30,000 if the $BTC price nose-dived down to it from here, but a more realistic place for the price to meet this lower trendline would be at around $40,000.

Going with the more bullish setup, the Stochastic RSI indicator lines have recently crossed up from the bottom. Once they get above the 20.00 level, this should signal huge upside momentum. Are the bulls going to surprise everyone and emerge out of the bear way before the market expects it to happen?

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.