TechFlow news, June 27 — According to Cointelegraph, U.S. stock index futures have reached record highs, and analysts predict this could push Bitcoin past resistance levels to new all-time highs.
S&P 500 futures broke above 6,145 on Thursday, surpassing their February peak, while Nasdaq Composite futures also hit a high of 20,180. The S&P 500 has risen 23% since the April 8 crash, driven largely by easing trade tariff concerns and a ceasefire agreement between Israel and Iran.
Nick Ruck, Director at LVRG Research, said that U.S. stock index futures nearing all-time highs, combined with Bitcoin's recent rebound, increases expectations for it to set a new record soon. If the Federal Reserve cuts interest rates in the coming months, sustained equity market momentum and institutional capital inflows could drive Bitcoin past the $109,000 resistance level.
