Bitcoin-to-Nasdaq Ratio Reclaims 200-Day Average After 235 Sessions
Photo: TokenPost
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.
Source: TokenPost
