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Bitcoin’s correlation with equities places BTC in a precarious position; 3 factors to consider Bitcoin’s correlation with equities places BTC in a precarious position; 3 factors to consider

Bitcoin’s correlation with equities places BTC in a precarious position; 3 factors to consider

with insights from Skew

Bitcoin has been flashing some immense signs of overt weakness throughout the past several days, and this appears to be reflected in its price action as it trades around the lower boundary of its long-held range at $9,300.

Bitcoin’s correlation with equities places BTC in a precarious position; 3 factors to consider

Photo by ???✨ on Unsplash

Bitcoin has been flashing some immense signs of overt weakness throughout the past several days, and this appears to be reflected in its price action as it trades around the lower boundary of its long-held range at $9,300.

There are a few factors that now indicate that the selloff seen earlier today may just mark the start of a much larger trend shift.

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