If Bitcoin Bulls Want to Party, the Crypto King Must Clear a Key Level

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The Street

By Bret Kenwell Bitcoin has been beaten up this year but is quietly trying to rally. Here’s the level it has to clear. The stock market is enjoying a solid session on Friday as the bulls hope to snap a five-day losing streak in the S&P 500. Helping lead the way? A risk-on rally in cryptocurrencies. When I look at the market, I view it in sections. The S&P 500 is a broad-market index, but there are clues elsewhere. Small-cap stocks, growth stocks, tech and bitcoin are all sections to watch in the market to get a sense of where investors are taking on risk. When investors are taking on risk, the…

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