Crypto vs Stock Market: How Decoupling Can Lead to Massive Gains!🚀
Yesterday, the crypto market took a dip because the DOJ decided to. Announce global cryptocurrency enforcement. Over. An exchange that nobody in the crypto space has heard about called Bitzlato.
The crypto market was already due for a retracement, and in this video I'm going to tell you how low we could go. Before we find support and start going back to the upside and possibly even begin a new bull market for cryptocurrency. If Bitcoin can stay above the 200 day moving average, then it looks like we might continue to the upside and even could see some more pumps over the next couple of weeks. However, this is going to depend heavily on what Jerome Powell and the Fed decide to do as far as the continuing interest rate hikes. Also, the uh earnings season is going to be a large deciding factor in what that decision turns out to be and how bad the recession will be. Earnings have been coming in lower than expected and this could definitely push the stock market down for another lower low. If this does happen, then cryptocurrency might take another dip as well. But cryptocurrency has never been through a real recession, and we are going to find out if it really will do the decoupling that people have been waiting on or if it's going to continue to be pushed down by the traditional markets.
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