Technical analysis by jdaraque about Symbol BTC on 10/1/2023
https://sahmeto.com/message/3309434

jdaraque
Rank: 9818
Analytical Power:
1.6
SPY vs BTC changed?
Neutral
Price at Publish Time:
$27,139.32

https://www.tradingview.com/x/8cvMYpOm/ We have always heard that BTC moves like the SP500, but does this comparative daily charts show that is still happening? Or could it be that Bitcoin is already beginning that independence as one of the reasons it was created? What do you think? I would say based on this graph, where the bearish wave of its MA of SPY and the parallel one with an upward trend of BTC, it is very possible that with the entry of large investors, accumulating BTC, it is already showing its beginnings as a true refuge of value. Could it be? “ Bitcoin to infinite patience, infinite results”
Source Message: TradingView