Bitcoin’s copycat moves leave traders with few options but to wait to monitor equities and hope for a correlation breakdown.
Bitcoin (BTC) took a chunk out of its impulse move above $41,000 on April 14 as Wall Street opened with a whimper. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin follows stocks downhillData from Cointelegraph Markets Pro and TradingView followed BTC/USD as it made swift losses as trading began on April 14.The pair had been approaching $41,600 the day prior, but momentum ran out overnight, and the largest cryptocurrency took minutes to shave almost $1,000 off its price at the opening bell. At the time of writing, $40,000 was still in play as support but bulls had similarly failed to recoup the latest lost ground.Traders began to favor a fresh downside once again, the mood fueled by a disappointing start for U.S. equities and Bitcoin’s implied correlation.#Bitcoin This won’t be po
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