sp500 BTC correlation
from mid-February I can see a large correlation between sp500 and btc. Going down to lower time intervals it is easy to see that bitcoin reacts earlier than index sp500.
This would mean a likely correction of recent increases on the US index. BTC passing a double peak slowly settling down, SP500 recently drew a similar double peak. Given the time I think we can read the bitcoin chart as one of the indicators for the above-mentioned index ...
This would mean a likely correction of recent increases on the US index. BTC passing a double peak slowly settling down, SP500 recently drew a similar double peak. Given the time I think we can read the bitcoin chart as one of the indicators for the above-mentioned index ...
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