In today’s briefing:
- Bitcoin’s Break Lower Is Warning Sign for Equities
Bitcoin’s Break Lower Is Warning Sign for Equities
- The break below 29k leaves the way open for at least 29k if not 20k (45% lower)
- It’s recent correlation to US equities suggests further pain ahead for stocks
- Ultimately this looks like nothing more than a pure speculative market that went too far with too much excitement and is now on it’s way back down to Earth
Before it’s here, it’s on Smartkarma
