- September 25, 2022
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
Simple 1W chart. Every time the S&P500 index (SPX) hit and broke above or (nearly) bounced on its 1W MA200 (orange trend-line), Bitcoin has formed a bottom and started along with the S&P rally phases. This week the S&P500 will have an opportunity for such a test. Will it find Support and cause Bitcoin to bottom finally and rally? Or is this time different?
Feel free to let me know in the comments section below!