Bitcoin correalation with the S&P500

In the last 5 months BTC (blue) and the S&P500 (red) correlated very strong. The S&P will most likely continue the downward direction after this major ressistance area rejection. That would be another confluence for a huge Bitcoin Dump like mentioned in my last post.

Furthermore this S&P Bullrun didnt made any sense, with the current events in the USA lets see how everything is gonna play out.

If we wanna see a huge Bullrun like in 2017, BTC has to decouple from this markets first, this would be a nice indication.