Maximum Pain For Bears Incoming‼️
- Yello, ladies and gents????????????!
????As we told you yesterday, gold really started to slow down today, and Bitcoin started to catch up after the mentioned successful bullish support retest.
????Let’s talk about Bitcoin’s Correlation with traditional assets (Gold and the S&P 500) a bit more now:
????As you can see on the graph below, it just hit a 2-month low last week, dropping alongside the NASDAQ Index. This has been due to a steep drop in traditional markets, especially in the US, while the crypto market has remained relatively stable.
What does it mean?
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