The long-term negative correlation between bitcoin and the Nasdaq 100 reflects prior periods, such as July 2021, September 2023, and August 2024, which coincided with significant declines in bitcoin prices. Bitcoin's price has fallen 27% since its October peak, while the Nasdaq 100 is just 2% below its all-time highs, highlighting the pronounced divergence that has historically preceded bitcoin's rebound.$BTC #DecemberMarketOutlook #DecemberRateCutForecast #CryptoMarketRebounds #BitcoinPriceWatch #AreYouBullishOrBearishToday?
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What to know:
The long-term negative correlation between bitcoin and the Nasdaq 100 reflects prior periods, such as July 2021, September 2023, and August 2024, which coincided with significant declines in bitcoin prices.
Bitcoin's price has fallen 27% since its October peak, while the Nasdaq 100 is just 2% below its all-time highs, highlighting the pronounced divergence that has historically preceded bitcoin's rebound.$BTC #DecemberMarketOutlook #DecemberRateCutForecast #CryptoMarketRebounds #BitcoinPriceWatch #AreYouBullishOrBearishToday?