A popular crypto analyst thinks Bitcoin (BTC) and shares can shoot up if an event takes place.
In a new YouTube video, Jason Pizzino tells His 353,000 subscribers that if the S&P 500 (SPX) breaks out by an important level of resistance, can activate the FOMO (fear of missing), Bitcoin and shares even higher if people with cash on the sidelines hurry.
“If the S&P is able to break out of this zone, break past the logarithmic resistance that speaks back from the peak of 2007 – and 2009 is so low – I think we can go to the advantage on a relatively important run. And I could even say that it would be serious for the bears, I think it would be on the side, I think it is on the side on the side on the side are for the bears, I think it’s on the side, I think it’s on the side, I think it’s on the side, I think it’s on the side, I think it’s on the side, I think it is just about 6. 500. “
Pizzino also shares a weekly graph that shows the historical price correlation of Bitcoin with the S&P 500, which suggests that the flagship Crypto-asset will probably print new all-time highlights if the SPX logarithmic resistance level is violated.
“If that happens, the price of Bitcoin would probably follow in that period.”
From the end of Monday, the SPX acts for 6,329. In the meantime, Bitcoin acts for $ 115,026 at the time of writing, marginal in the last 24 hours.
https://www.youtube.com/watch?v=ais3OW8MFEW
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