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Bitcoin fell 33% this year while the Nasdaq rose 28%. One firm says that the gap points to a specific price level.
NYDIG ( @NYDIG ) compared this correction to $BTC 's three prior four-year bear markets, and the pattern raises a possibility most headlines haven't mentioned yet.
Bitcoin is currently stuck between a level that would confirm a real recovery and one that would invalidate it entirely.
Which side of that line it lands on depends on a Senate vote, a Fed decision, and one number most traders are watching closely right now.
Read the full analysis on UseTheBitcoin: