BITCOIN The S&P tests MA200. Crucial week ahead for BTC.

 

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!

Tradingview link:

https://www.tradingview.com/chart/SPX/hh5JZosf-BITCOIN-The-S-P-tests-MA200-Crucial-week-ahead-for-BTC



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