Bitcoin trader shares 7 reasons to be bullish on BTC beyond $12K
cointelegraph.com
In a series of tweets on Oct. 21, Cole Garner highlighted Bitcoin’s market decoupling among bullish price factors. Garner retweeted a chart of Bitcoin, gold, the S&P 500 and Ether (ETH), which shows Bitcoin striking out on its own, delivering positive returns while other assets floundered.
Bitcoin previously demonstrated long-term correlation to the S&P 500 in particular, also forming a close relationship to gold in the months after March’s coronavirus-induced price crash. As Garner and others note, very little stands in the way of further positive price action above $12,000 due to how Bitcoin spent the brief periods of time above that level before.
Read in Full: cointelegraph.com