#correlation #analysis #BTC #long_term The high correlation b | CRYPTO COACHING α |BINANCE SPOT & BYBIT FUTURES|
#correlation #analysis #BTC #long_term
The high correlation between Bitcoin and the US stock market is the main reason for the fall of Bitcoin
There is a strong correlation between the US stock market and bitcoin. , r square is equal to 0.76 between Bitcoin and NDX, which indicates a high positive correlation. The reason for the recent fluctuations in Bitcoin can also be attributed to the stock market crash. Bitcoin's future behavior will also largely depend on stock market indices
