The price of BTC fell when stock markets crashed recently.
But does this mean there is a linear relationship between BTC price and stock market performance?
When stock markets recently fell, there did indeed appear to be a linear relationship between BTC price and the stock market.
However, when stock markets picked...
This is not trading advice. Merely hypotheses concerning potential trading probabilities. Do your own research.
The Macro is bearish. BTC price fell when the Dow Jones Industrial Average recently fell.
However, BTC price did not later rise to any substantive extent when the DJI flew up following QE announcements etc....