S&P 500 Reclaims 200-Day Moving Average, Bitcoin Surges Above $88,000
The S&P 500 has moved above its 200-day moving average (DMA), indicating a potential end to recent stock corrections. Key points include:
- The index is up 1.7% on Monday, following last week's gains.
- It previously corrected by 10% before resuming an upward trend.
- Bitcoin has also risen above $88,000, surpassing its own 200 DMA of $85,046.
- The next resistance level for Bitcoin is at $93,245, based on short-term holder realized prices.
