The Bitcoin vs. Nasdaq Signal Has Flipped Bullish
· macro · Sentiment: bullish
The Bitcoin/Nasdaq ratio has flipped bullish, breaking above its 200-day moving average for the first time since early 2024 according to multiple technical analysts. This shift indicates Bitcoin is beginning to outperform the Nasdaq on a relative basis, a pattern historically associated with the early-to-mid phases of Bitcoin bull markets. The consensus view is that this crossover reinforces Bitcoin’s decoupling from traditional risk assets and strengthens the case for continued BTC price appreciation in the current cycle. The key implication is that capital is rotating back into Bitcoin as the preferred high-beta exposure.