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NB94

Why the Downside risk for BTC is limited

NASDAQ 100 E-mini Futures (CME_MINI:NQ1!)  
NB94  
CME_MINI:NQ1!   NASDAQ 100 E-mini Futures
Trend Analysis
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trendanalysis
In this chart we see BTCUSD overlaid on NQ - we'll notice that when BTC tanked on Ukraine/Russia FUD, BTC dropped to a low of 34K while the NASDAQ dropped to 14K. During this round of Ukraine FUD, the NASDAQ has touched 14K again, but BTC is at 40K.

My takeaway: the beta correlation between NASDAQ and BTC is waning.
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