This chart is a representation on BTC/Nasdaq
Mind you it is not in fiat terms but more of a ratio.
The chart uses Heiken-Ashi candlesticks on MONTHLY timeframe to show trend and potential long term target around 14.
We see over an over the same consolidation but I think BTC will outperform Nasdaq in longer term.
This mean if Nasdaq goes up, BTC will go up more...