Decoupling? Bitcoin Price Up 40% Since Last Week, Stocks Not So Much

Decoupling? Bitcoin Price Up 40% Since Last Week, Stocks Not So Much
imageCryptocurrency7 hours ago (Mar 19, 2020 10:00PM ET)

Decoupling? Bitcoin Price Up 40% Since Last Week, Stocks Not So Much

Bitcoin (BTC) price rallied above the $5,500 resistance on March 19, overtaking $6,000 as the digital asset stampeded to $6,359. The 18%+ rally restored more than $800 in value to Bitcoin price.

Since last week’s catastrophic 50% correction, Bitcoin price has recovered by 40% off its low at $3,775. Traders will now watch to see if the previous levels of resistance at $5,500, $5,900 and $6,300 will function as support.

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Decoupling? Bitcoin Price Up 40% Since Last Week, Stocks Not So Much

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