BTCUSD has lost momentum recentely, and when we get Crypto weakening at Stock All time highs, This is maximum financial risk moment to hold crypto.
As we forecast a correction in the SPX500 soon, possibly SPX could go up high to 5700-5800 and fall between 11-17% as Profit taking, this healthy for the market to have enough momentum to continue to 6250. Which will be our next target for SPX500
The Risk remain in BTC extremely high, and would face pressure to the down side, possibly all the way to 20K
Dont forget, the bull market before the BTC halving is over, and the crypto market cap has been losing Billions of Dollars every day.
It doesnt seem we will see the 3 Tr Market cap in crypto any soon, most likely we will see 1 Tr.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.