CryptoOnchain

Bitcoin behaves differently than other financial markets

Although Bitcoin has a correlation with the US stock market, it behaved differently in the past week. Despite the relative gains in US stocks, Bitcoin lost a very important support level . This support level was the ATH of the previous cycle. So far, there is no record of Bitcoin returning below the ATH of its previous cycle. This could indicate weakness in the cryptocurrency market in the near future and further price reductions in them