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
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📊 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.
Não é aconselhamento financeiro. DYOR.
