Tone Vays: Bitcoin Price Won’t Leave $6K–$10K Range Until 2021

Tone Vays: Bitcoin Price Won’t Leave $6K–$10K Range Until 2021

Gate Trade News Friday, June 26, 2020 25 0

The S&P 500 is in danger of a major crash in the event of a daily close below 3,000 points, warns Tone Vays as data shows Bitcoin is 95% correlated.

 

Bitcoin (BTC) being 95% correlated with the S&P 500 may haunt traders this week as one analyst warned that a 400-point crash could soon hit. 

 

In the latest episode of his Trading Bitcoin YouTube series, Tone Vays focused on Bitcoin falling in line with stocks. 

 

BTC/USD dipped on June 25 as markets broadly lost on the back of fresh coronavirus infection worries.