News
Bitcoin Holds as Tech Stocks Drop
Bitcoin Magazine reports that the Bitcoin to Nasdaq ratio has reclaimed its 200-day moving average, marking a significant change in the market. The ratio, which had been below the 200-day moving average for 235 consecutive sessions, now indicates a bullish outlook for Bitcoin. The article discusses the historical performance of the ratio, including its median gains and the recent cycle's shallow reset. Sean Hagan, the author, also provides his invalidation level and his $100K line in the sand for Bitcoin.