Dunz0

BTC could go anywhere, but the S&P500 tells a possible tale

BITSTAMP:BTCUSD   Bitcoin
BTC will test and possibly surmount the 9200 fib level in trend with the SPX. However we will likely see a dump that may be out of the current trend due to the imminent crash of the market. I expect we may see a fake-out where BTC seems to trend toward 9300 but will see a quick reversal upon the demise of SPX. As earnings reports continue to be released we will inevitably see decline due to COVID-19. The kids are not alright in the US. This will break down before it trends up.
Disclaimer

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.