US market correlation to Crypto market
Over the course of 2023 we saw the bullish side of the market , climbing over 57% and regaining the bearish year of 2022 which was -35%.
As interest rates aimed to cool down in 2024 , this will have a positive impact on the market , making new ATHs. Crypto market also is entering its bull cycle , and you all may ask why i am referring to it...! Over the last 3 bull cycles, the Us market ¨miraculously¨correlated with crypto market and climbed over 60-80% every time . 2012-13 cycle US100 climbed around 60% . 2016-17 cycle it climbed around 60% and on the last cycle of 2020-21 it climbed around 80%. You can call it luck ,but i call it facts and our job is to react on what we see .
We might see a pullback at around 15.600 or maybe at 15.200. So i see whatsoever a bullish year for the general Us market making new highs both on the chart and in our pockets !!!
As interest rates aimed to cool down in 2024 , this will have a positive impact on the market , making new ATHs. Crypto market also is entering its bull cycle , and you all may ask why i am referring to it...! Over the last 3 bull cycles, the Us market ¨miraculously¨correlated with crypto market and climbed over 60-80% every time . 2012-13 cycle US100 climbed around 60% . 2016-17 cycle it climbed around 60% and on the last cycle of 2020-21 it climbed around 80%. You can call it luck ,but i call it facts and our job is to react on what we see .
We might see a pullback at around 15.600 or maybe at 15.200. So i see whatsoever a bullish year for the general Us market making new highs both on the chart and in our pockets !!!
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