$DJI price in #BTC update.... More weakness likely
I have been watching this big timeframe chart for a while now.
As you can since its inception Bitcoin has been eating away value , or securing itself as in investable asset.
We had a major inflection this past cycle , with the now infamous double top #BTCUSD
we also had a double bottom against #stocks
It appears to me we need to test previous zones of "Value"
so faster deceleration of BTC against the Dow Jones
At some we will have the data and structure to reverse course.
But we are not there yet.
As you can since its inception Bitcoin has been eating away value , or securing itself as in investable asset.
We had a major inflection this past cycle , with the now infamous double top #BTCUSD
we also had a double bottom against #stocks
It appears to me we need to test previous zones of "Value"
so faster deceleration of BTC against the Dow Jones
At some we will have the data and structure to reverse course.
But we are not there yet.
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