HomeMarketsFuturesBitcoin / Nasdaq Correlation & Buying Crude Oil On A Dip
Bitcoin / Nasdaq Correlation & Buying Crude Oil On A Dip

"Bitcoin price spiked higher today. Not sure what the catalyst for this move was as it is not an interest rate play. From a technical analysis perspective, investors should look at the $35K to $36K price level before they can be bullish. From a fundamental standpoint, bitcoin price has been correlated to the Nasdaq. The equity rally could fizzle out," says Scott Bauer. Next, he discusses crude oil and commodities. "I am a buyer of any of the crude oil products and energy commodities as long as there is a dip," Bauer adds.

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