S&P 500 Just Printed a Textbook Bull Signal: Here’s Why Bitcoin Can Benefit

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Bitcoin is trading up 0.2% while the S&P 500’s futures are trading down 0.4%, as of this article’s writing. Despite the slight drop, the index remains in a textbook bull pattern primed to end in a strong upwards breakout. BTC may benefit from this breakout in the S&P 500 due to the strong correlation that has formed between the two markets. Unlike Bitcoin, the S&P 500 is starting its week with a slight move to the downside. As of the time of this article’s writing, the leading U.S. stock index’s futures have printed a -0.4% candle during the pre-market session. While this is not a move not welcomed by bulls, the index purportedly remains in a textbook bull pattern primed to push stocks higher. This is bullish for Bitcoin due to the correlation that has formed between the markets. Bitcoin Could See a Strong Rally as S&P 500 Prints Bull…

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