$BTC just ripped 50% against Nasdaq over the last three months and is now sitting at a critical resistance level.
Two scenarios from here:
1. Rejection → We could see a correction similar to what happened in 2022 after $BTC bottomed. Back then, Bitcoin bounced hard off the lows, hit resistance, then pulled back before the real move started. Same setup, same playbook.
2. Breakout → If $BTC punches through this resistance, it takes the lead and we're looking at a massive rally. This would flip the script — Bitcoin stops following tech stocks and starts driving the entire crypto market higher on its own.
Right now, Bitcoin's relative strength against Nasdaq is the key chart to watch. It tells you whether crypto is decoupling or still trading like a leveraged tech bet. If it breaks out here, that's your signal that the next leg up is real.
Two scenarios from here:
1. Rejection → We could see a correction similar to what happened in 2022 after $BTC bottomed. Back then, Bitcoin bounced hard off the lows, hit resistance, then pulled back before the real move started. Same setup, same playbook.
2. Breakout → If $BTC punches through this resistance, it takes the lead and we're looking at a massive rally. This would flip the script — Bitcoin stops following tech stocks and starts driving the entire crypto market higher on its own.
Right now, Bitcoin's relative strength against Nasdaq is the key chart to watch. It tells you whether crypto is decoupling or still trading like a leveraged tech bet. If it breaks out here, that's your signal that the next leg up is real.