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No traction at all yet today for BTC as NVDA slips

Looking at the price action of NVIDIA today you can see the newly repriced tech stock titan is falling below $120 now and towards $115. So, no new record there and to remind the reader, in order to achieve that it would need to rise above $126.50. At the same time Bitcoin, which appears to be still tracking that stock has not made any material progress whatsoever. The lack of rebound is potentially a warning that a drop below 69k from here again is more likely than not. That is assuming the correlation between BTC and NVDA remains in sync. Bitcoin is currently trading at 69,320
 

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