Bitcoin has been in sync with SPX for a while. The Crypto Trader has been warning for weeks that there is major divergence developing in Bitcoin. In recent day he saw a possible final spike move to around 25K and that should be followed by a huge breakdown, His track record has been spot on! We just got the spike move up yesterday!
Either we truly did bottom and despite all the negative fundamental news we continue to rally than i would obviously be wrong on TIMING!
Too many warnings at a time when the markets were in good standing. the longer this went on and we couldn't break out the more i was convinced a dramatic drop is due.