Does Bitcoin expect a new growth wave?
According to analysts at CoinGecko, Bitcoin's correlation with the American S&P 500 dropped from 0.92 to 0.85.
The Reserve Risk indicator reached the lowest readings in the history of observation. That means that hodlers are accumulating coins despite falling prices. According to analysts, indicators' values could indicate a new strengthening wave for Bitcoin.
Disclaimer: The information in this article is not intended to be and does not constitute investment advice or any other form of advice or recommendation of any sort offered or endorsed by Libertex. Past performance does not guarantee future results.
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