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🚨REAL FACT ABOUT $BITCOIN PRICE MOVEMENT🚨
Everyone was celebrating Bitcoin at $82,000.
Nobody is asking the right question. Did Bitcoin actually go up? Or did the Nasdaq just carry it there?
This chart answers that. It shows the Bitcoin to Nasdaq ratio. How much Bitcoin moves compared to tech stocks. Right now that ratio sits at 2.63.
Here is what that number means. Bitcoin went from $60,000 to $82,000. A 37% move. But the Nasdaq 100 also surged 29% in the same period. Bitcoin did not beat the market. It barely kept pace with it.
Whenever BTC-Nasdaq pair loose support it took months to recover.
Three times. Same level. Same outcome every single time.
If Nasdaq pulls back even slightly Bitcoin loses its engine. The $82,000 move was real. But it was not Bitcoin strength. It was Nasdaq strength wearing a Bitcoin costume.
Watch the ratio. Not just the price.
If 3.00 breaks higher Bitcoin leads the market. If it gets rejected here again the pattern repeats for the third time.