The Bitcoin vs. Nasdaq Signal Has Flipped Bullish
By Patrick Green
AI summary of the source article
The Bitcoin-to-Nasdaq ratio reclaimed its 200-day moving average on September 18 after 235 consecutive sessions below it. Historically, Bitcoin traded higher one year after similar reclaims in five of six instances, with a median gain of roughly 84%.
Key facts
- The Bitcoin-to-Nasdaq ratio reclaimed its 200-day moving average on September 18 after 235 consecutive sessions below it.
- Bitcoin was higher one year after similar reclaims in five of six instances, with a median gain of roughly 84%.
- This cycle's reset was 62%, described as the shallowest on record.
Source excerpt · Bitcoin Magazine
▶ Bitcoin Magazine The Bitcoin vs. Nasdaq Signal Has Flipped Bullish As tech drops, Bitcoin holds. Sean Hagan examines the BTC/Nasdaq ratio reclaiming its 200-day MA, historical 84% median gains, and his $100K line in the sand. This post The Bitcoin vs. Nasdaq Signal Has Flipped Bullish first appeared on Bitcoin Magazine and is written by Patrick Green .