As a proxy and correlation for ‘risk-on’ and risk-off’ sentiment, Bitcoin is once again poised at a support level (~$38,000) worth watching. And more so, as it remains in a medium term downtrend. Failing to hold this near term support, Bitcoin should visit the $29,700 (+/- $250) area. Such a 24% decline should coincide with … Continue reading Bitcoin and S&P 500 may swoon together