I'll say this again... it is really difficult to use the S&P as an indicator for Bitcoin, but if you follow markets really closely, I think it could be helpful. Let me know if you've ever noticed this relationship. If not, I'd love to hear if you find it interesting.
One last thing I want to make clear - I think long term BTC goes MUCH higher (100k+)
One last thing I want to make clear - I think long term BTC goes MUCH higher (100k+)
Note
If the S&P makes new highs this year... I think that's clearly a positive for BTC simply based on the relationship shown above (we could easily see BTC break new highs while S&P does not/vice-versa).
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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.