Since the beginning of the week, Bitcoin has gradually increased while the S&P 500 has tanked.
SPX was rejected by its 200-hour MA while BTC is trading above its 200-hour MA
This pattern is expected to continue, at least in the short-term.
Top Crypto Exchanges Without KYC Read Now
The Trust Project is an international consortium of news organizations building standards of transparency.
Since Monday, the Bitcoin (BTC) price has increased considerably, while the S&P 500 (SPX) has been recording losses. This discrepancy was noted by Bitcoin trader @ZackVoell, who tweeted an image that shows a side-by-side comparison of the Bitcoin price (left) and the SPX (right). In the image, it is clearly visible that BTC has gradually moved upwards, while SPX has decreased