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"...
There is a Strong correction between the DJI and BTCUSD.
It clearly appears on the chart that whenever the stock market experience a sell off, some of that money flow into BTC the following weeks.
Look at the chat closely.
The recent sell we are seeing on the DJI is the largest one this year.
We could see a major uptrend in BTCUSD in the upcoming weeks.
