The blockchain industry does not exist in a bubble. The impact of the rest of the world’s economic turmoil seems to be stomping all over the progress of the “blockchain revolution.” Traditional markets like the S&P 500 index crashed by more than 11.5% in September, while the tech-heavy Nasdaq 100 index plummeted by 12.5%. However, Bitcoin (BTC) may have seen a decoupling, having only dropped 3% during this same period.
For some, these are signs of a bottom for Bitcoin, but it does not necessarily mean an immediate reversal is upon the market. Are there other positive flashing signals we can see in the charts?
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