BITCOIN is lagging considerably behind the S&P500. Huge upside.
We have Bitcoin on the left and the S&P500 on the right.
Bitcoin is getting rejected on the 1week MA50, while the S&P500 is trading between the 1week MA50 and 1week MA100.
This is a clear sign that Bitcoin is lagging behind the major stock index and that it remains undervalued relative to the rest of the market.
Therefore, Bitcoin's potential on a 2 month timeframe extends as high as the 1week MA100 +/- 32000.
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Bitcoin is getting rejected on the 1week MA50, while the S&P500 is trading between the 1week MA50 and 1week MA100.
This is a clear sign that Bitcoin is lagging behind the major stock index and that it remains undervalued relative to the rest of the market.
Therefore, Bitcoin's potential on a 2 month timeframe extends as high as the 1week MA100 +/- 32000.
Follow us, like the idea and leave a comment below!!
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