Bitcoin Is Leading Indicator for S&P 500, Past Data Show

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Bitcoin Is Leading Indicator for S&P 500, Past Data Show

“History shows that, on average, BTC has topped ~48 days and bottomed ~10 days before the SPX [S&P 500],” Delphi’s strategists, led by Kevin Kelly, wrote in a 2023 preview sent to clients on Wednesday. “Over the past five years, all major price reversals in BTC have preceded those in major equity indices.” www.coindesk.com

“History shows that, on average, BTC has topped ~48 days and bottomed ~10 days before the SPX [S&P 500],” Delphi’s strategists, led by Kevin Kelly, wrote in a 2023 preview sent to clients on Wednesday. “Over the past five years, all major price reversals in BTC have preceded those in major equity indices.”

www.coindesk.com