Multiple Metrics Suggest That Bitcoin Btc Is Headed Toward A Retest Of The 37 000 Price Zone Amid A Persistent And Elevated Equities Correlation Overhang
This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy. Bitcoin (BTC), the largest cryptocurrency by market capitalization, remains confined in a consolidation pattern within a long-term secular bull market, as the cryptocurrency’s troubling correlation with US equities continues to act as a near-term price dampener. In this post, we will analyze the price action in Bitcoin from varied perspectives by employing a number of different exchange-based and on-chain metrics....