Bitcoin Accumulation Zone Approaching, Apple Ratio Suggests

The largest cryptocurrency by market capitalization, Bitcoin [$BTC], has experienced one of its most unprofitable stretches in history. After extending across three separate quarters and two calendar years, the $1.35 trillion asset has diverged from the equities market.

A key relationship between Bitcoin and Apple [AAPL] shares remains intact, with their ratio trading within an ascending channel since 2017. This structure has defined price history for nearly a decade and shows that every long-term cycle has respected the boundaries of this channel.

The current position of the ratio close to the support line suggests that Bitcoin may be entering the accumulation zone, similar to previous instances before its expansion phases.