Bitcoin Ascending Wedge Breakout
As tech and risk-on assets have been getting crushed Bitcoin has followed its peers. It is interesting to note the amount of correlation the cryptocurrency has had to the major American US indexes, particularly the S&P 500 and the Nasdaq Composite (Tech Stocks). However, the largest cryptocurrency is in the midst of an ascending wedge. This could lead to a breakout, either to the upside or downside. Stay frosty.
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