The US dollar Index is pumping while bitcoin price is dropping. The Powell speech seemed to have a negative impact on the NYSE and is also dropping (currently down close to -300 points on the Dow Jones). So far the US stimulus package has failed to pass which means more downside for the US Stock Market which I think is leading up to an epic crash. BTC is heavily correlated with the the NYSE, S&P 500, Dow Jones and the Nasdaq, so of they tank you can expect bitcoin to crash as well bringing all crypto currencies / alt coins down with it.
Website to access these live charts: https://opticalartcrypto.com
Twitter page: https://twitter.com/opticalartchart
This is not financial advice! these are only my views and opinions of where I think the market may be headed. Crypto Currency is a very risky asset, always do your own research before ever considering investing or making a trade.
#bitcoin #NYSE #btc
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