I've been awake all night waiting for the Bitcoin drops/surges as well as drops with stocks as soon as the market opens up at 9:30AM EST. Bitcoin nearly touched 7k at $6,930 moments ago:
And you can see a similar uptrend in the stock market:
I am waiting for a select few tokens/stocks to dip for my final purchases.
I believe we will see what we have the last week or so, more people happy to cut out from $6,900 until we meet resistance at $6,600 and within the next couple of days I suspect we will shoot over $7,000 without breaking a sweat.
What is really odd is that while watching both markets at the same time I noticed a correlation of the rise and dip between stocks and cryptocurrencies, take a look at what happened to a couple stocks when BTC fell back to $6,600:
The timing indicates a direct correlation...
What are your thoughts?
-Thomas Wolf
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