# <center>Btc correlation to S&P 500</center>
![download.png](https://cdn.steemitimages.com/DQmU3sJUyfMUwvVeWUcd1LNJEXagKvYGppm2riLhPoLkPVL/download.png)
https://www.tradingview.com/x/YfrV58rN/
I think everyone of us witnessed the bearish price action recently in the crypto market aswell as in the S&P 500 for example.  In the picture above we can see very good that BTC correlated very nice with the S&P 500.

But in the last two days its looking like BTC is decoupling from the S&P 500. A reason for that could be, that BTC already reached the recent Bear market low.


![Bottom.png](https://cdn.steemitimages.com/DQmSsTh3yG8A56Pr1CguaaeU6oiypKwEuV9DdbT4M3y2fQQ/Bottom.png)
https://www.tradingview.com/x/ik4O6zLC/

Instead the S&P 500 can still test the 1500 Area, since resistance becomes support.

![S AND P.png](https://cdn.steemitimages.com/DQmVic5T1sjQa4NvnyDfBxayzLXVXqzExhr12KuEy9nB88u/S%20AND%20P.png)
https://www.tradingview.com/x/fQwaOZxW/

>Thanks for reading, have a nice day :)