Studying the SP&500, one of the main indexes of the United States, we can see that after the fall of the markets registered approximately a month ago, this economic index reached the extremes of 2016. It is now above 50% of the Fibonacci retraction line, with a recovery of more or less 28%, with a main support at 2643 due to the interception point between the EMAs (9,50) and in the last negotiations I create a touch of the EMA50 in the price that Actually is related in the 2789.83 with market closure.
Making a comparison with Bitcoin we see that there is no direct correlation. The United States economy had a faster recovery than interest in investing in crypto assets.
Making a comparison with Bitcoin we see that there is no direct correlation. The United States economy had a faster recovery than interest in investing in crypto assets.