BTC - finally up? another money influx from S&P500?
Hi Guys.
At the end of December 2018, we made an analysis linking those 2 facts.
Major negative moves on S&P500 resulted in money influx on BTC.
Take a look at the previous analysis.
This time it might be similar.
The index price has crossed 2818 points which was very important resistance (look at the chart).
Unfortunately, the U.S. interest rate curve inverted on Friday for the first time since 2007. The interest rate on the 10-year Treasury fell below the 3-month T-bill rate, an event that some analysts consider to foreshadow a recession, though that is not always the case. In normal conditions, a longer-term bond should carry a higher yield than a short-term one as there is a higher risk for a longer time period.
The current index price is at 2801. We may fall even lower which positively influence the price of the BTC.
If S&P500 falls below 2730 the next stop might be below 2500 points.
Anyway, such a scenario is positive for the cryptomarket.
We think at least some of money will be transferred to crypto, making additional demand.
Higher demand = the price grows.
Within a couple of days we should have the result of this puzzle.
What are your expectations?
Thank you for reading and your time.
Drop us a line in the comment section.
MASSIVE Hug!
WBM Team.
At the end of December 2018, we made an analysis linking those 2 facts.
Major negative moves on S&P500 resulted in money influx on BTC.
Take a look at the previous analysis.
This time it might be similar.
The index price has crossed 2818 points which was very important resistance (look at the chart).
Unfortunately, the U.S. interest rate curve inverted on Friday for the first time since 2007. The interest rate on the 10-year Treasury fell below the 3-month T-bill rate, an event that some analysts consider to foreshadow a recession, though that is not always the case. In normal conditions, a longer-term bond should carry a higher yield than a short-term one as there is a higher risk for a longer time period.
The current index price is at 2801. We may fall even lower which positively influence the price of the BTC.
If S&P500 falls below 2730 the next stop might be below 2500 points.
Anyway, such a scenario is positive for the cryptomarket.
We think at least some of money will be transferred to crypto, making additional demand.
Higher demand = the price grows.
Within a couple of days we should have the result of this puzzle.
What are your expectations?
Thank you for reading and your time.
Drop us a line in the comment section.
MASSIVE Hug!
WBM Team.
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