In the short term, I don't think we're going to go that much lower. Because funnily enough, instead of looking at bitcoin's chart itself, I tend to watch the S&P500 a lot more lately due to the price correlation. And we all know that the Federal Reserve is artificially propping up the stock markets.

I could be wrong, of course. Because I can see bitcoin breaking the correlation trend any time soon. Wouldn't be betting on it though.

■ bitcoin      ■ SPY