Monovon

Macro analysis of BTC against the S&P 500

BITSTAMP:BTCUSD   비트코인
BTC front-ran the S&P top back in Nov 2021. The S&P caught up at point 3.

Later, BTC lagged against the S&P bottom and imo is currently still lagging.

With both the S&P and DXY at April 22 highs/lows, BTC should logically follow this run up.

Never in BTC's history has a "bear market" rally ended without a blowoff top. I believe this is an accumulation phase for BTC before an aggressive move up.

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