Bitcoin Is Still Correlated to the Stock Market

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The Bitcoin (BTC) price and the S&P500 (SPX) are highly correlated with each other, particularly during decisive trends.Long-Term MovementThe S&P 500 price is currently trading at $3,058, rangebound between the closest support and resistance levels at $2,950 and $3,230, respectively.The price is also trading above the 200-day moving average (MA), seemingly using it as suppo

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