SPX S&P500 and bitcoin highly correlated and will crush together
Since earning season will start next week and real corona problems would be visible and reality how hard the economical crisis is, the markets will crush.
As of in between bitcoin became highly correlated with financial market and is no more an alternative to financial market the 50-70% crush of financial market would result to same crush in crypto.
S&P500 is most possibly below 1000 till end of this year
bitcoin below 3000 same time
As of in between bitcoin became highly correlated with financial market and is no more an alternative to financial market the 50-70% crush of financial market would result to same crush in crypto.
S&P500 is most possibly below 1000 till end of this year
bitcoin below 3000 same time
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