Hereโs 3 charts showing near term relative performance of #BTC to the SPX, Gold, and the Dollar. #BTC is showing signs of strength when comparing recent performance.
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During the multi month #BTC consolidation, the SPX continue higher while #BTC underperformed. There was a large divergence forming between the SPX and #BTC. BTC staged an impressive breakout and has been significantly outperforming the SPX. 
#BTC and goldโs recent price action show strong inverse correlation. Itโs very interesting to see Gold drop significantly on a weekend, and #BTC push significantly higher on the same day.
#BTC and the dollar have both been rising recently. Usually there is an inverse correlation where the dollar falls and #BTC rises. The recent rally in #BTC while the dollar increases can be seen a sign of strength for #Bitcoin.
The near term relative performance of #BTC to the SPX, gold, and dollar, show significant strength in BTC. As long as technicals, momentum, and Onchain remain strong, this suggest #BTC could likely continue outperforming especially as #BTC is attempting a technical breakout.
Long term, I firmly believe #BTC is position to outperform the SPX, gold, and the dollar.
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