This is Bitcoin and the S&P 500, since early 2023. The correlation cannot be denied. Currently, Bitcoin is consolidating in the lower $80Ks, while the S&P 500 just finished up a very significant 10% retracement. And right now, the world’s most prominent stock index is using last summer’s all-time high as support. So as we’re trying to determine where Bitcoin goes from here, the unfortunate truth is that it all probably depends on what happens to the major stock indices. So if you’re in crypto, then stay focused on the larger economy, the stock market, and the US and global M2.