The Goldman Sachs indicator points to an approaching bear market
The S&P 500 has entered a bear market (bar on chart) every time the indicator hits 70%, and Bitcoin traditionally falls along with stocks, which is unlikely to change in the current cycle.
However, there are unusual bull markets where the decline begins several years after the indicator's signal, as in the case of the dot-com bubble.
✔️ As international financial regulators have set a roadmap to lower interest rates and money supply is increasing again, we are likely to experience another unusual growth market.
Is that so, that's the question... $BTC #BinanceTournament