Bitcoin Falters Against Stocks as Analyst Warns of $148,000 Target

A popular crypto analyst, Daan Crypto Trades, has warned that Bitcoin is quietly losing to stocks. According to him, Bitcoin has been coiling inside a narrow range for almost a week, and its price needs to break past certain levels.

The 'mini range' that Bitcoin has been stuck in is $62,300 and $63,300, with the analyst identifying these as short-term levels to watch. At press time, Bitcoin was trading near $63,028, just inside the upper edge of this band. It has shed more than 18% over the past month.

The bigger number to watch out for is how Bitcoin's price compares to the S&P 500. Measured against the index, Bitcoin is now down roughly 60% from its relative highs set last year, which was north of $126,000 in early October 2025. To return to that peak performance versus the index, he calculated, Bitcoin would need to trade near $148,000 today.