First time BTC has crossed a 100 day moving average this bull cycle. This could be an inflection point to a larger correction to shake out some of the overly bullish sentiment in the market right now. In the next couple days we will see if it tests the 100-day SMA again.
When the stock market crashes, Bitcoin has historically crashed further. Not only is there a correlation to the stock market, but much like a traditional stock Bitcoin is affected as well. This means the beta of Bitcoin is probably one the biggest in market terms. Greater risk, but greater reward.
While this can mean Bitcoin is a great long term asset, it should...