Macro analysis of BTC against the S&P 500
BTC front-ran the S&P top back in Nov 2021. The S&P caught up at point 3.
Later, BTC lagged against the S&P bottom and imo is currently still lagging.
With both the S&P and DXY at April 22 highs/lows, BTC should logically follow this run up.
Never in BTC's history has a "bear market" rally ended without a blowoff top. I believe this is an accumulation phase for BTC before an aggressive move up.
Later, BTC lagged against the S&P bottom and imo is currently still lagging.
With both the S&P and DXY at April 22 highs/lows, BTC should logically follow this run up.
Never in BTC's history has a "bear market" rally ended without a blowoff top. I believe this is an accumulation phase for BTC before an aggressive move up.
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