Bitcoin log chart:
Fibonacci retracement level 1.168 is continuously being held as support during the mid-cycle correction in a bull market.
Data suggests bitcoin is experiencing lengthening cycles with diminishing returns.
BTC/NDQ showcases bitcoin's relative strength against the Nasdaq (stocks).
Although bitcoin is still considered a 'risk on' asset it continues to outperform other 'risk on' assets.
Bitcoin dominance is getting rejected at trendline resistance, making a bearish structure (lower high).
Heikin Ashi on the weekly candle points towards a bearish trend short term too.
