Add as a preferred source on GoogleBitcoin-to-Nasdaq Ratio Reclaims 200-Day Average After 235 Sessions
The ratio had not closed below the benchmark again through Oct. 26. In six past crossovers, Bitcoin was higher a year later five times, with an 84% median gain.
Bitcoin’s performance against the Nasdaq moved above its 200-day average Sept. 18 after 235 straight sessions below it, renewing a chart signal followed by higher Bitcoin prices in five of six past cases reviewed.
The Bitcoin-to-Nasdaq ratio had not closed below the average again through Oct. 26. The ratio tracks Bitcoin’s performance relative to the Nasdaq, a major U.S. stock index.
In six historical crossovers, Bitcoin (BTC) was higher one year later five times. The median gain across those cases was about 84%.
The ratio’s history includes four cycle resets. It puts the latest decline at 62%, the shallowest of the four, and compares it with a 2021 false start that did not mark a lasting trend change.
The analysis places the invalidation area at $76,000 to $77,000 and identifies $100,000 as another reference level.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.