The correction in stocks could be over based on an important technical indicator, and it can be good news for Bitcoin (BTC), which has also broken similar resistance.

In front of 1.7% Monday to follow up on last week’s winnings, the S&P 500 has moved over its 200-day moving average (200 DMA) after corrected as much as 10% in recent months. This 200 DMA is calculated by taking the average of the final prices in the last 200 trading days and is often used to assess wider market trends and potential turning points.

The S&P 500 crossed the last one measures on March 10, and – though it fell a little shortly after – an uptrend that has continued through today.

Bitcoin (BTC) has moved in steps and now traded over $ 88,000 after decisively breaking through its own 200 DMA at $ 85,046 over the weekend. The next major resistance level is $ 93,245, which corresponds to the short-lived proprietor realized price DVS. The average of the acquisition cost of coins kept out of exchange reserves and moved within the last 155 days. These coins are considered the most likely to be used at any time.

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