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The correlation between oil and Bitcoin isn’t that big, which is not so common for oil since this asset has, in most cases, quite a big correlation with other assets, https://amothershand.org/community/profile/binance47787935/. As for Bitcoin, I still hold my ground and think that BTC will go through a 25-35% correction but it’s much more difficult to make a precise call on when to expect it. Antonov continued, saying positive market reaction to COVID-19 vaccine trials and Joe Biden’s successful presidential bid were buoying the price of bitcoin. He concluded by predicting the stock market to undergo a correction within the next two to three months, which would result in bitcoin prices being slashed by a quarter or more. Bitcoin’s Correlation With S&P500 May Skyrocket BTC Price To $18,000. 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