According to many Twitter TA, BTC charts are on the crossroads again. If the price doesn't properly stay above 20000$ we are probably in for a downward slide, taking HIVE with it.
In the weekly candle, HIVE performs very similar to BTC. Probability of correlation is pretty high.
https://twitter.com/AurelienOhayon/status/1575628812116639744
- AurelienOhayon
https://twitter.com/CryptoNoob_1/status/1577357283171909657
- CryptoNoob_1
https://twitter.com/AurelienOhayon/status/1575803790896553984
- AurelienOhayon
https://twitter.com/therationalroot/status/1575800405787017216
- therationalroot
https://twitter.com/WClementeIII/status/1573700328113012739/photo/1
- WClementeIII
https://twitter.com/StockmoneyL/status/1575455253037735936
- StockmoneyL
Technical Analysis might hope for a bottom/bullish pattern for BTC, but still crypto is quite tied to the traditional stock market especially S&P500. So far the money printer needs be back on, or the trust in the financial markets need to be shattered. Let's see what Credit Suisse and others have in store the following days.
