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It's Time for More Chop

By Louis Sykes

August 23, 2022
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It's impossible to ignore legacy markets when evaluating cryptocurrencies.

The two are so intertwined that correlation analysis almost trumps our traditional price analysis.

I hate to say it, but if you want to understand where Bitcoin's going, study the S&P 500 and the US dollar, not the Bitcoin chart.

 

 

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Louis Sykes

Louis Sykes is the Senior Crypto Analyst at All Star Charts, where he leads research at the frontier of digital assets. Over his tenure, he has authored more than 1,000 research reports, helping both institutional and retail investors navigate one of the fastest-moving markets in the world.

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