Bitcoin spikes to .5K amid fresh warning over ‘exceptionally high’ stocks correlation

Bitcoin spikes to $44.5K amid fresh warning over ‘exceptionally high’ stocks correlation

Bitcoin (BTC) passed $44,500 at the Wall Street open on Feb. 15 with traders compounding overnight enthusiasm.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Resistance attacks slowly form

Data from Cointelegraph Markets Pro and TradingView tracked local highs of $44,543 for BTC/USD on Bitstamp.

Already up over 6% on the day, the pair saw a slow return to resistance levels after abruptly halting a multi-day downtrend toward the $40,000 mark.

As Cointelegraph reported, events in…


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