Wall Street has been watching $BTC closely, and this chart tells an interesting story.
Over the past four months, Bitcoin has been outperforming the Nasdaq.
Even this week, while Nasdaq took a hard hit, Bitcoin managed to hold around $75,500. It's also outperforming Nasdaq so far this month.
Now, here's what matters:
-The BTC/Nasdaq pair is testing resistance again. -If Bitcoin holds its current support, that's a very bullish sign. -But if it breaks down, we could see another test of the daily MA 200 near $73,240, followed by the weekly MA 200 around $67,760.
Looking at the bigger picture, this structure could take another 6–8 months of sideways movement before the next parabolic rally.
Risk/Reward: ~1:1.5 to TP1, ~1:2.5 to TP2 Reason: Price is near the recent support zone around 0.680–0.685 and could rebound toward the MA60/resistance area around 0.694–0.695.
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