Technical indicators alongside macro-economic factors are prompting analysts to predict further downward momentum for the SPDR S&P 500 ETF Trust (NYSE:SPY) and Bitcoin (CRYPTO: BTC).
What Happened: In a podcast on Thursday, prominen analyst Benjamin Cowen warned that the S&P 500’s decline could extend into April, resembling past market downturns that have had ripple effects across both equities and crypto.
While March has historically marked a bottoming point during corrections—such as the financial crisis and pandemic crash—Cowen notes that sometimes the downturn extends into April.
One key date is mid-April, when the next inflation print is released. With new tariffs in focus, investors …Full story available on Benzinga.com