The Bitcoin vs. Nasdaq Signal Has Flipped Bullish

As tech drops, Bitcoin holds. Sean Hagan examines the BTC/Nasdaq ratio reclaiming its 200-day MA, historical 84% median gains, and his $100K line in the sand. Tech stocks are selling off, and Bitcoin is holding. Today’s Chart of the Day looks at Bitcoin priced in tech stocks, the Bitcoin-to-Nasdaq ratio, which reclaimed its 200-day moving average on September 18 after 235 straight sessions below it and hasn’t closed under it since.