Bitcoin and the S&P 500 Index are about to change places.
Ever since late June as Bitcoin moves lower the SPX has been moving higher, we can see the cross happening 21-June.
It is my view based on multiple market factors, wild guessing and much speculation that this trend is about to change but don't get me wrong... Bitcoin and the S&P 500 Index are very likely to continue with its inverse correlation but the SPX is set to go down while BTC is set to go up!
Bitcoin has been even more correlated with the Nasdaq (except, in the past few months, the positive correlation weakened).
iaretheanimal
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I've been wondering the same myself, but I'm guessing money will flow from one place to the other as profits are taken. I too have been waiting for spx to hit about 4150.