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S&P 500
5,708.75
(
-0.93%
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US TECH 100
19,200.40
(
-1.65%
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Dow Jones
42,156.97
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Bitcoin
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(
1.34%
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Patient Ninja

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Patient Ninja

Re: Buffit post# 72180

Tuesday, 06/07/2022 5:23:07 PM

Tuesday, June 07, 2022 5:23:07 PM

Post# of 75192
The next bitcoin halving is May 2024. That starts the next parabolic cycle you speak of.

Yes, it needs to decouple. Its a risk asset and so the new entrants to the bitcoin market in last couple of years is the reason for it. It followed the Nasdaq to where it is.

However the is string support around 29,000 and like the markets last week may have been the low moving forward.

The stock market is a leading indicator by about 9 months so recession could be April 2023.

Bitcoin and the market should start moving upwards prior to that and may likely have done so already.
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