![Bitcoin $7000 support vs $30000 Resistance](https://www.primeinvestments.com/wp-content/uploads/2023/05/Bitcoin-7000-support-vs-30000-Resistance.png)
Until Bitcoin shows a larger divergence from equities it could be very risky to believe Bitcoin (BTC) is a risk-OFF asset.
More and more analyst are saying that with liquidity drying up and rates going higher, a mean version back to where Bitcoin’s rally started at about $7,000 is not out of the realm of possibility.