Bitcoin = Stocks
🔸If SPX goes up > $BTC goes up
🔸 If SPX plunges down > $BTC goes down
The market structures are different right now and I highly believe that we’ve moved on from the 4 year circle. The structure has changed after institutions came in into Crypto. Bitcoin adoption is a peak level and going to increase more in coming years.
High value asset = Less volatile
So $BTC correction will entirely depend upon SPX and US30’s move. I don’t think there will be any 80% crash unless SPX crashes 50-60%
I personally think 80% correction on $BTC will never happen again. Those days are gone and it had to end some day.