Bitcoin is still locked in a tight range; however the bias is negative. Stock market correlation might cause BTC sell-off.
For all of the grief Bitcoin gets, here’s something entertaining: Someone transferred bitcoins worth close to $1 billion USD.
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Heavy correlation to the S&P 500 means that BTC/USD should be more like $18,000 unless the market falls, says the stock-to-flow creator.
Bitcoin’s latest speculative boom is not one I will be participating in. There are too many risks and known unknowns for me.