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How Will Charles Schwab’s Bullish S&P 500 Prediction Impact Bitcoin?

▪ Bitcoin price could retest $10,000 this week on its growing correlation with the S&P 500.
▪ The cryptocurrency could head higher as a veteran strategist sees S&P 500 rising by roughly 7 percent this week.
▪ Ryan Frederick, the vice president of trading and derivatives at Charles Schwab, said on Monday that the U.S.benchmark would extend its rally to 3,310 points.

Bitcoin fell towards $9,100 during the weekend session but recovered part of its losses heading into the new week.
So it appears, technical factors drove the benchmark cryptocurrency. Traders found a profitable short-term opportunity near $9,100 as trade volumes and volatility remained lower. That led to a modest rise in buying sentiment with the price going up by as much as $9,442 on Monday.