Bitcoin, Ethereum and the whole cryptocurrency market has crashed. Nonetheless, we are still very bullish in the long term.
We look at the potential support levels on the way down. We look at the correlation between Bitcoin and the S&P 500 as well as its inverse correlation with the Dollar Index (DXY). We further analyze the Ethereum price chart to see how it’s doing compared to bitcoin.
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Disclaimer:
The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the content creators/reviewers and their risk tolerance may be different than yours. Altcoin Buzz is not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.
Please do your own due diligence and rating before making any investments and consult your financial advisor. The researched information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
