We present an angular-dependent magnetotunneling technique, which facilitates unambiguous separation of superconducting (supporting circulating screening currents) and nonsuperconducting (not supporting screening currents) contributions to the pseudogap phenomenon in layered Bi2Sr2CaCu2O8+delta cuprates. Our data indicate persistence of superconducting correlations at temperatures up to 1.5T(c) in a form of both phase and amplitude fluctuations of the superconducting order parameter. However, despite a profound fluctuations region, only a small fraction of the pseudogap spectrum is caused by superconducting correlations, while the dominating part comes from a competing nonsuperconducting order, which does not support circulating orbital currents.