Bitcoin (BTC) Bulls Lose Momentum As Stock Market Tops Out

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Bitcoin is eyeing downside from current levels now that S&P 500 (SPX) has topped out. Stock futures ended the day in red yesterday as the market reached June levels and faced a strong rejection. For Bitcoin bulls, this is a sign of what is about to come and for Bitcoin bears this is a green signal to look for bearish entries. Although we have not seen Bitcoin (BTC) break below the symmetrical triangle just yet, the next decisive move is going to be a big one and we are already positioned to capitalize on it.

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