Bitcoin Dollar Rally Strong but E Dey Lag behind Tech Stocks & Gold
Bitcoin don deliver pass 600% gains from di cycle low with one stable price structure wey get shallower pullback (around 32%) compared to di old cycles wey dey 50%+ drawdowns. Even though di USD perform well, ratio analysis show say e dey underperform when you compare am with major assets. Against NASDAQ, Bitcoin just don pass e 2021 peak, wey show say e no too dey outperform high-growth tech stocks. For gold terms, BTC still dey below e former cycle high, mean say people wey hold am since 2021 fit earn pass gold bullion. When you adjust for global M2 money supply expansion, Bitcoin liquidity-adjusted buying power still dey behind e 2021 peak. Dis comparison dey show say plenty of di rally fit na because of fiat debasement, no be pure asset strength. Traders suppose dey monitor BTC/asset and liquidity-adjusted ratio charts to get clear signals on where breakout or resistance level fit happen.
Neutral
Di analysis dey show mixed signals: Bitcoin strong gain against USD and less wahala for price movement dey suggest steady bullish momentum, but e no perform well compared to tech stocks, gold, and liquidity-adjusted metrics, e make dat optimism reduce. Historically, similar ratio bottom dem de usually happen before late cycle rallies or consolidation phases, no be strong breakouts. Traders fit see small short-term upside till BTC fit cross relative resistance levels, but long-term holders still fit benefit if structural drivers like ETF inflows continue. Overall, combination of positive fundamentals and relative weakness give neutral market outlook.