Bitcoin Surges 2,575% Since 2017, Outperforming Tesla Stock

Standard Chartered has recently endorsed Bitcoin's rise, suggesting that it has equaled or surpassed Tesla Stock in terms of returns and volatility. Geoffrey Kendrick, the Global Head of Digital Assets Research at Standard Chartered, proposed a new "Mag 7B" index where Bitcoin replaces Tesla among the top-performing assets. This recommendation comes as Tesla faces challenges due to sales issues and controversies surrounding CEO Elon Musk, leading many investors to view Bitcoin as a safer and more profitable long-term investment.

Tesla's stock has declined significantly due to intense competition from automakers like BYD and Volkswagen, as well as slowing demand in regions like China and Europe. In contrast, Bitcoin has surged from $4,000 in 2017 to over $109,000 in early 2025, demonstrating rising prices and decreasing volatility. Institutional investors, including BlackRock and Fidelity, are investing heavily in Bitcoin-based ETFs, further solidifying Bitcoin's role in mainstream finance. While Tesla's competitive advantages are less clear, Bitcoin is positioning itself as a legitimate asset class in the financial world.

As Tesla encounters difficulties, some investors are exploring alternative investments, including cryptocurrencies. Standard Chartered's Bitcoin recommendation has amplified this trend, reinforcing BTC's status as a preferred asset. One emerging project, BTC Bull, has launched its presale and raised $4.1 million. This project aims to create a deflationary framework by using percentage-damaged tokens at key price achievements with Bitcoin to increase value. As investor interest in Bitcoin and crypto-related opportunities grows, the focus is on Bitcoin's current price action and technical indicators shaping its next movement.

On March 26, 2025, Bitcoin showed minimal movement after a decline and recovery in the previous session. A death cross on the MACD at 2:00 UTC indicated further correction, while a golden cross at 03:55 UTC matched an RSI oversold state, leading to a cautious early rally towards resistance. The crucial levels of resistance and support were $88,250 and $86,500, respectively. However, bearish momentum accelerated at 08:10 UTC with another MACD death cross and an RSI overbought signal, causing Bitcoin to enter a decline channel. Prices tested support despite bulls' attempts to regain control, and after another MACD death cross, there was a breakthrough below support at 18:35 UTC. Bitcoin hit a low of $85,920 at 19:35 UTC, prompting aggressive purchasing when a golden cross and an oversold RSI appeared. As a result, Bitcoin quickly rose back above support and was still rising on March 27, circling $87,500 and aiming to break through resistance.

As Bitcoin progresses toward becoming a mainstream currency, its contrast with traditional assets like Tesla is becoming more apparent. According to Standard Chartered's Bitcoin recommendation, BTC has shown greater stability and institutional adoption, potentially accumulating long-term value. Meanwhile, Tesla struggles with a saturated auto market and leadership concerns, while Bitcoin emerges as a resilient and profitable asset. Technical factors suggest that Bitcoin is at an inflection point where it will either rally or fall. Resistance levels are around $88,250, and if BTC breaks higher, it could attract attention to the $90,000 area. Pivot levels are more volatile than in the past, so traders should proceed with caution. Increased institutional activity and whale accumulation suggest that Bitcoin's price action will follow a bullish trend line, potentially increasing its price above some traditional stock assets. Traders should monitor confirmation from signals like MACD and RSI to determine the next course of action.