BTC VS NDX. FOLLOWING THE BEARISH SCENARIO

Previously in the Series..

👉 Launch of BTC futures on December 18, 2017
Bitcoin is down more than 10 percent in a week and crashed 80+ percent in a year.

👉 Launch of trading on Coinbase IPO COIN on April 14, 2021
Bitcoin is down more than 10 percent for the week and crashed 50+ percent for the quarter.

👉 Launch of BITO - the first fund based on BTC futures, on October 19, 2021
Bitcoin is down more than 10 percent in a week and crashed 80+ percent in a year.

👉 Launch of ̶G̶i̶p̶s̶y̶ ̶C̶a̶m̶p̶ 11 ETFs on BTC, incl. on BTC spot, on January 11, 2024.
Bitcoin has slumped by more than 10 percent in a week and further losing its shores.

The main technical graph is a ratio between Bitcoin BTCUSD and NDX Nasdaq-100 Index.

Indeed, BTC underperforms against NDX, almost for a 3 years in a row..
But blind faith is ineradicable..

Who knows, what BTC halving has to say..
The truth is One and Only - just trend is your real friend ! 😄