Bitcoin

<ul><li>Bitcoin&#39;s recent correction amid S&amp;P 500 highs highlights its decoupling from traditional market trends.</li><li>Despite short-term dips, Bitcoin&#39;s long-term trend remains bullish, outperforming the S&amp;P 500 since 2022 lows.</li><li>Key Fibonacci levels suggest Bitcoin is consolidating, potentially setting up for significant future gains.</li></ul><a href="https://cryptotale.org/analyst-predicts-major-bitcoin-buy-signal-as-hash-ribbons-near-critical-point/" rel="noopener noreferrer nofollow">Bitcoin</a>, typically seen moving in tandem with the S&amp;P 500, experienced a divergence this week. As highlighted by <a href="https://x.com/ali_charts/status/1803176359763574925" rel="noopener noreferrer nofollow">Ali Martinez</a>, a top analyst, the S&amp;P 500 reached new all-time highs, and Bitcoin faced a sharp correction. This decoupling has led many to question Bitcoin&#39;s performance relative to stocks.<img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXcyftNB1PowGCvpFy6p0TsGNWNT--0Y4z928MLsxJjAs_2gMCxPAZ6mbONdS3KIBBpZTQzyNc-7jfzzMTHJlTySFLIMgUUt-JxPhdde-p7MeALlf5eEys2NMg1afk1ACG-eBzKGIcT_ADV2vMU0YG3BElm_?key&#61;FqL4_yEfg7HueFpfxI9BIA" />As further noted by <a href="https://x.com/ChartingGuy/status/1803284255059095979" rel="noopener noreferrer nofollow">Charting Guy</a>, an analyst, since the 2022 lows, Bitcoin has been outperforming the S&amp;P, with the BTC/USD-SPY pair consolidating around a significant support level. This setup appears extremely bullish.<a href="https://cryptotale.org/contrary-views-on-bitcoins-correlation-with-sp-500/" rel="noopener noreferrer nofollow">Read more on CryptoTale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Contrary Views on Bitcoin’s Correlation With S&P 500

CryptoTale

Інші статті, опубліковані 20 черв. 2024 р.

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