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A lot of the sell off in $BTC this year can be contributed to equities weakness. Taken account for $SPX's decline, $BTC is now down less than 10% from its all time highs. This is why I think it's important to look at the two relative to each other. Especially as they are
Bitcoin Primed To Outperform the S&P 500 Index As Markets Crash, Says Investor Dan Tapiero – Here’s His Outlook
Stocks did make that move I highlighted. Both $NASDAQ & $SPX. Overlayed $BTC to show the recent correlation between the two and why it's useful to watch stocks in the current market environment. Good first sign of strength would be if stocks sweep and make a new low while BTC
Price analysis 3/31: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, TON
While $BTC is so correlated to $SPX, it can be useful to keep an eye on that chart as well. It would not surprise me to see a quick sweep early in the week to make a bullish divergence and then go from there. Obviously the key for whichever direction this heads to next week
Here’s When the Stock Market Could Bottom Out, According to Fidelity Global Macro Analyst Jurrien Timmer
$BTC A lot of the recent dump and now bounce can be contributed to the volatile price action in stocks. As you can see, BTC has not moved much the past few weeks relative to $SPX. Price is correlated and has mostly been moving hand in hand with each other.
Bitcoin, Ethereum, XRP, Dogecoin Start Monday Green As Traders Wonder About 'New Highs Soon'
Price analysis 3/24: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LINK
SPX6900 (SPX) Rebounds Strongly After Historic Low, Leads Market Gains
Why Is the Crypto Market Up Today?
This Week in Meme Coins: SPX Rallies 22% While Toshi, PNUT Suffer Losses
Price analysis 3/17: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, PI
$BTC Sometimes it can be useful to look at the market relative to equities. In this case, BTC is not doing as bad as it might seem when looking at it relative to $SPX. (even better comparing it to tech stocks). It remains a risk asset that moves in unison with equities most of…
Price analysis 2/24: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LINK
Galaxy Digital Denies Rumors of Murad’s $20M Secret SPX Token Sale
$BTC Has been moving together with $SPX throughout its cycle. But where stocks are generally "Up Only", we've seen multiple sideways consolidations by BTC which makes it look like it's underperforming. But what we've see every time so far, is that when stock keep grinding at…
Galaxy Exec Denies Murad’s Secret SPX Token Sale
Galaxy Executive Dismisses Claims of Murad Selling SPX Tokens
Price analysis 2/17: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LINK