Bitcoin & Stocks
Something to watch for. It happened previously but not enough history or evidence to know if it will happen again. Keep an eye on Bitcoin for a clue to when stocks may top out.
In late 2021, two months BEFORE the stock market topped, Bitcoin made it’s high. Now after a big extended run with new highs in stocks, Bitcoin is at those highs(as I expected in my piece back in mid Feb.) and looks like it wants to go higher?
I don’t know if it does so in a big way or maybe just slightly to suck everyone in. That isn’t the important part. If it rolls over and has a decent pullback, that may be a warning that stocks will follow shortly. If it breaks through and continues on to much higher levels, then this bubble in stocks, possibly has more to go.
Sir CM,
Another impeccable call! Though we have over 4 hours before market closes, S&P, Nasdaq, NVDA, AMD, PLTR are all exhibiting daily red candles for now.
GL