Is Bitcoin About to Break Down to New Lows?

Published by
The Street

By Bret Kenwell Bitcoin continues to hold support, but not in an inspiring way. Now more than ever traders need to know the key levels. Bitcoin has been quiet lately — perhaps too quiet. It may have proven to be a good bet against inflation, as it rose considerably from the aftermath of covid-19 to its highs in late 2021. However, one could also map a similar correlation with US equities. In particular, tech stocks. The real test came in 2022, though. As inflation scorched higher, “risk-on” assets like tech stocks and high-growth companies came crashing lower. Many high-quality stocks fell 40%…

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