Get started
Monovon

Macro analysis of BTC against the S&P 500

Long
Bitcoin (BITSTAMP:BTCUSD)  
Monovon  
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Chart Patterns BTCUSDT BTCUSD BTC Bitcoin (Cryptocurrency) S&P 500 (SPX500) SPDR S&P 500 ETF (SPY)
1
0
trendanalysis chartpattern btcusdt btcusd btc bitcoin spx500 spy
BTC front-ran the S&P top back in Nov 2021. The S&P caught up at point 3.

Later, BTC lagged against the S&P bottom and imo is currently still lagging.

With both the S&P and DXY at April 22 highs/lows, BTC should logically follow this run up.

Never in BTC's history has a "bear market" rally ended without a blowoff top. I believe this is an accumulation phase for BTC before an aggressive move up.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.