@BOMBERuss 10 September 2022 more from that month

What happened a week ago seemed incredible: the presentation of #Apple smart watches affected the #bitcoin exchange rate. On September 7, the main #cryptocurrency dropped below the critical support level of $19,000, as a result of which the most nervous market participants began to worry about the beginning of a new steep price collapse. According to the Cryptovizor screener, which calculates the market price of BTC/USD based on the results of trading on seven major exchanges, the minimum of the asset rate was $18,510. However, help came from an unexpected side. In the evening, Apple's September presentation took place, at which the company presented not only the iPhone 14 line, but also a new model of the Watch Ultra smartwatch, which caused a surge of enthusiasm among all apple lovers. It would seem, what does bitcoin have to do with it? It's very simple. The cryptocurrency market is now showing a high degree of correlation with the stock #market, the main index of which is the S&P 500. This index reflects the stock price of five hundred leading American companies, of which Apple is the most influential. Shares of $APPL rose, and bitcoin began to grow. The rally resumed with renewed vigor on September 9, and today the asset peaked at $21,690. The Whalemap #network monitoring resource analyzed the events from the point of view of the location of orders of large players (bitcoin whales). It turned out that the support at $19,000 worked perfectly, but now bitcoin is facing resistance at $21,543. Amsterdam Stock Exchange trader Michael van de Poppe also drew attention to this resistance level and suggested that bitcoin price consolidation will begin, during which altcoins will shoot. And so it happened. Bitcoin has moved to a sideways movement below $21,500, and altcoins are showing a rally. For example, #Ravencoin has grown by more than 65%. #BTC #RVN #Altcoin