Bitcoin Looking Like it Has Likely Upside as it Trails Equities and Gold

📊 There is a major bullish divergence that has been forming over the past two weeks:

📉 Bitcoin's market value has DROPPED -5.9% since Aug. 22nd

➡️ S&P 500 has RISEN +0.4% since Aug. 22nd

📈 Gold has RISEN +5.5% since Aug. 22nd

🧐 Since early 2022, cryptocurrencies have been especially correlated with equities, as institutionals have increasingly added exposure to them alongside their stock holdings.

🤞 In cases like this divergence over the past 2 weeks, Bitcoin (and altcoins) have a high probability of playing "catch up" when they trail world economy price trends for a sustained period of time.

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এটি আর্থিক পরামর্শ নয়। DYOR।