MARKET MOVEMENT
Correlation between Bitcoin and Gold has reached its highest level in over a year, reaching a factor of almost 0.3, after reaching a 0.3 low in April of this year. This is a very clear indicator that BTC and the overall crypto market is becoming a much more stable and solid market, which will likely mark long term price action for the next couple of moths and years.
How will this affect our overall market trend and market structure?
This will likely create a larger influx of investors with a lower risk tolerance into the market once BTC and crypto become more regulated and less sensitive to manipulation. Once this happens, we can expect to see the start of another and much stronger long term market cycle, which would take BTC and other primary crypto assets towards new All Time Highs.
We told you first,
Fed. Russian Insiders .
