From TokenPost · · 40s
Bitcoin Support Zone at $63,000 to $75,000
Bitcoin analysis shows support between $63,000 and $75,000 as stocks near record highs.
In brief
Bitcoin analysis shows support between $63,000 and $75,000 as stocks near record highs. Bitcoin's potential support zone is $63,000 to $75,000 while the S&P 500 remains near its record high. Originally reported by TokenPost.
Bitcoin Support Zone
A market analysis places potential Bitcoin support at $63,000 to $75,000.
S&P 500 Near Record High
The S&P 500 closed near 7,710 on Oct. 20, less than 2% below its Oct. 6 record.
Market Correlation
Bitcoin’s correlation with the S&P 500 was around 0.6 over the preceding six weeks.
The takeaway
Bitcoin's potential support zone is $63,000 to $75,000 while the S&P 500 remains near its record high.
