I have my own thoughts on this, but I'm curious to hear what everyone else thinks. It seems that 18K is a really strong support level for BTC. Looking at the relatively short term charts, it appears BTC has been outperforming the S&P 500 lately. For example, as of writing this, BTC is down only .76% today, while the S&P 500 is down 2.72%. Looking at the past week, BTC is actually UP .95%, while the S&P 500 is DOWN 3.13%. In the last month, BTC is down 4.99%, while the S&P 500 is down more than double - 10.33%. Even in the last 3 months, BTC is holding its own against the S&P 500, down 5.05%, while the S&P 500 is down 5.57%. Is it possible we have hit the "bottom," and BTC will now begin outperforming traditional markets? Obviously, nobody knows what will happen in the future, and this is just speculation, but I'm curious to hear other perspectives.
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