Bitcoin still down over 18% from the ATH set back in December during Biden's term. Still possible to hit the 50 ounce mark this year but the window is closing.
On the bullish side, there's a clear trend line on the 5 year chart
Discussion
there's during ATH 5 down over term. line side, the Still Bitcoin hit the a 50 closing.
On Biden's the trend in is on mark possible the set but clear the back year window still chart
bullish this ounce from year December 18% to
Gold and bitcoin moving in tandem to the upside vs fiat means the thesis for bitcoin being ādigital goldā is becoming stronger.
Maybe bitcoin is outgrowing its tech stock pairing and growing into its gold pairing.
Gold all time high may be much harder to reach in the short term with this relationship being rwalized, but as your five year chart trend suggests, bitcoin will likely outperform over the long run.