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Bitcoin to S&P 500 Ratio: Key Indicator for Bitcoin’s Next Move Amid Volatility

  • Daan Crypto Trades emphasizes the importance of the BTC/SPX ratio as a key indicator amidst market volatility.
  • Equities stabilization could lead to a rise in the BTC/SPX ratio, with Bitcoin benefiting from QE.
  • BTC faces resistance at $77,906, and a breach of key support levels could lead to a drop to $70,000.
  • According to the analysis, the BTC/SPX ratio is an instrument that can help predict Bitcoin movements in the midst of market volatility.

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