BITCOIN is lagging considerably behind the S&P500. Huge upside.

We have Bitcoin on the left and the S&P500 on the right.

Bitcoin is getting rejected on the 1week MA50, while the S&P500 is trading between the 1week MA50 and 1week MA100.

This is a clear sign that Bitcoin is lagging behind the major stock index and that it remains undervalued relative to the rest of the market.

Therefore, Bitcoin's potential on a 2 month timeframe extends as high as the 1week MA100 +/- 32000.

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