Bitcoin Bottom Signal? S&P 500/BTC Ratio Recreates Rare Pattern Seen at Three Cycle Lows
- The S&P 500/BTC pattern previously appeared near Bitcoin’s 2015, 2018, and 2022 lows.
- The third four-month bar closes August 31 after already exceeding the prior bar’s high.
- Glassnode and Galaxy still say Bitcoin bottom signals remain incomplete despite the setup.
A rarely triggered Bitcoin-versus-equities pattern has returned, renewing attention on a ratio that previously appeared near three major cryptocurrency cycle bottoms.
Market analyst Oliver L. Velez highlighted the setup by dividing the S&P 500 level by Bitcoin’s dollar price, reversing the usual comparison. A rising ratio shows equities gaining relative strength, while a falling reading means the cryptocurrency is outperforming U.S. stocks.
With the S&P 500 at 7,757.64 and Bitcoin near $65,004, the ratio stands near 0.119. However, the figure measures relative performance rather than a tradable m…
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