Will Bitcoin Be the Next De-Risking Domino to Fall?

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The Street

By Bret Kenwell Bitcoin prices are under pressure, but is now the time to buy? Let’s look at the chart. I have been struggling with the stock market action leading up to the last week or two. Bitcoin is in that equation too, even before this latest dip. The S&P 500 and Dow made new highs at the start of the year. The Nasdaq was close, but couldn’t take out its November peak. Either way, the trend was up. However, those news highs came with a heaping dose of bearish divergence and did so with what I called a phantom bear market in the works. That’s as a large number of stocks were down more tha…

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