On April 5, trader Eugene posted, "At this point, even God himself seems to be defending Bitcoin - I don't think I've seen such a clear relative defensiveness between Bitcoin and the stock market (i.e., Bitcoin is more resilient in the decline of risk markets than the U.S. stock market).
Earlier today, Eugene posted, "Bitcoin's support level is very strong today, and the relative strength of Bitcoin cannot be ignored when the market plummets. It has built positions at the $83,200 price point - the bottom of the S&P 5,100 point is credible. Any stock market recovery will theoretically boost Bitcoin's soar."
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