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Bitcoin: BTC Inches Closer To Another Crash (October 2019)

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Bitcoin: BTC Inches Closer To Another Crash (October 2019)

The S&P 500 (SPX) has just touched a key trend line resistance after making a new all-time high. This is an important development because it means we could be on the verge of another downtrend in the stock market and if a downtrend begins in the stock market then the cryptocurrency market could crash hard as it did last year when the index declined. This is a point where we could expect a correction in the stock market as well as the cryptocurrency market. Considering that there is more room for decline this time, the next downtrend in the stock market could have far more devastating consequences for the cryptocurrency market.

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