A great representation of the current status of the markets for #Bitcoin .

Technically, we can all argue that #Bitcoin is correlated with the Nasdaq.
Nasdaq has been showing resilience, Bitcoin has not.
That creates mispricing and a divergence.
That's why $100K is around the corner for Bitcoin and that's also why the 4-year cycle thesis is entirely fugazi.
Recently, the markets have seen a massive crash where Bitcoin has suffered a correction from $115K to $80K in just two weeks.
Beta means: high volatility, high beta stocks, basically tech stocks that are moving the markets.
Quality means: more risk-off assets that are high-quality, profitable and stable companies.
Now, in the recent period, Bitcoin has stalled and those beta assets have gone up substantially.
Overall, this means that the beta stocks have inversed their entire loss since the big drop and are grinding back upwards, signalling that risk-on appetite is here.
That does mean that there's a big divergence in the markets, given that there's a higher correlation between Beta assets and $BTC.
In that light, in the coming few weeks, perhaps months, it's very likely to see Bitcoin grind back upwards to the levels of $110-115K, inversing the entire loss as the entire correction was a little dubious.
In my opinion, it makes more sense to be looking at charts that do have a reference and impact on the price of Bitcoin rather than a time-based assumption surrounding the 4-year cycle. #FedRateCutPrediction #PostonSquaretoEarn$50 $BTC ‌