What is Bitcoin's Recent Decline Telling Us?
- We got some upside follow-through in the stock markets yesterday, but there were also some signs it may take a breather soon.
- The Russell 2000 has bounced right where it should have bounced…now the real test comes.
- Bitcoin has broken some near-term support levels. That’s negative over the near-term, but it doesn’t tell us much at all about it’s longer-term potential. History tells us that the decline since the “ETF decision” is not something that is overly bearish for the longer-term.