Bitcoin’s Similarity to Nikkei 225

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. Price Chart Similarities
  2. Nasdaq Index and Bitcoin
  3. Current Situation Analysis


    4. According to popular cryptocurrency analyst TechDev, Bitcoin’s (BTC) price chart shows a surprising similarity to Japan’s leading stock index, the Nikkei 225.

    Price Chart Similarities

    Anonymous cryptocurrency analyst TechDev highlighted the similarity between Bitcoin and the Nikkei 225 index through a series of charts shared on social media platform X. The Nikkei 225 is known for tracking the performance of 225 leading companies listed on the Tokyo Stock Exchange.

    Such a similarity is rarely seen. Logarithmic growth cycles existed long before Bitcoin. Different assets, different decades, but the same type. Without looking at time or price, most people might think the first half of the Nikkei chart is Bitcoin. It must have experienced a halving every 10 years.None

    Nasdaq Index and Bitcoin

    TechDev also shared another chart comparing Bitcoin with the Nasdaq index. The analyst stated, “There is a macro cycle alignment longer than many expect. And now, it’s returning to new highs.”

    Current Situation Analysis

    Earlier this month, the analyst expressed optimism about the recent decline in the cryptocurrency market in a newsletter. The analyst particularly noted the extreme fear in the markets, which coincided with times when Bitcoin experienced significant rises in the past. TechDev said, “The last two weeks were filled with bearish messages at $25,000 and comments from those who said Bitcoin would never reach $48,000 again. This is exactly what I want to see. Considering the global macro conditions are upward, this situation is just two weeks of noise for me, as it has been in the last six months.” The analyst emphasized that sudden and intense emotional changes in the cryptocurrency market are inevitable, while underscoring that the global cycle is still upward.

    TechDev continues to observe Bitcoin's movements and its potential growth despite short-term fluctuations, assuring that global macroeconomic conditions remain positive for the cryptocurrency.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Fold Focuses on Customer Retention with New Products

Fold focuses on customer retention and balances with new products like Fold Reserve and Lead Bank spending accounts.

user avatarNguyen Van Long

Onramp Introduces New Business Bitcoin Account with Enhanced Security Features

Onramp has launched a new business Bitcoin account focusing on security and governance, supporting up to three named users and role-based permissions.

user avatarKofi Adjeman

Fold Reports $42 Million Revenue and $26 Million Net Loss in Q3

Fold reported $42 million in revenue and a $26 million net loss for Q3, attributing growth to Bitcoin gift card sales via TikTok Shop.

user avatarSatoshi Nakamura

Hyperscale Data Shifts Focus to Mining and Infrastructure Development

Hyperscale Data plans to generate future Bitcoin balances primarily from mining while targeting infrastructure development.

user avatarJesper Sørensen

Hyperscale Data Completes Sale of Remaining Bitcoin Reserves

Hyperscale Data has sold its remaining Bitcoin reserves, raising approximately $16 million for debt reduction and its Michigan AI campus.

user avatarRajesh Kumar

Coalition of Major Players Opposes Illinois Digital Asset Tax

A broad coalition, including the US Justice Department and major crypto firms, challenges Illinois' Digital Asset Tax Act, arguing it is punitive and discriminatory.

user avatarLucas Weissmann

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.