Analysis: US stock futures hit a record high, which may push BTC to break through the resistance level and hit a new high

Odaily News U.S. stock index futures have reached all-time highs, and analysts predict that this could push Bitcoin to a new high above resistance. SP 500 futures broke through to 6,145 on Thursday, surpassing the February peak, while Nasdaq Composite futures also reached a new high of 20,180. Since the April 8 crash, the SP 500 has risen 23%, mainly due to the easing of trade tariffs and the ceasefire agreement between Israel and Iran.
Nick Ruck, director of LVRG Research, said that U.S. stock index futures are close to all-time highs, coupled with Bitcoins recent rebound, increasing expectations that it will set a new record in the near future. If the Federal Reserve cuts interest rates in the coming months, continued stock market momentum and institutional inflows may push Bitcoin above the $109,000 resistance level. (Cointelegraph)