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BITCOIN and S&P500 on similar fortunes. Target 64000 and 4900.

Long
INDEX:BTCUSD   Bitcoin
his is not one of our usual analyses but we found a pattern that Bitcoin and S&P500 shared in the past and may replicate in the future now that the Bull Cycle has restarted.

Based on this the first target for both of them when the get out of a Bear Cycle is Fibonacci 2.0 from the last High before the final selloff.

For Bitcoin that target is 64000 and for the S&P500 4900.

Long term outlook don't get confused with our usual shorter term signals.

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