I have a small fun theory about Bitcoin and the Canadian dollar.
Most people track Bitcoin in USD, but I feel like the CAD chart shows interesting psychological levels.
For example:
Around C$150,000 it started dumping.
Around C$75,000 it started bouncing back up.
Right now it is hovering around C$100,000, which also feels like a strong psychological number.
Canada was also early with Bitcoin ETFs through Toronto Stock Exchange listings, so the CAD market might matter more than people think.
So my fun idea: maybe watching BTC priced in CAD sometimes shows clearer psychological levels than USD.
I call it the Bitcoin–Canadian Dollar Pattern. Just a thought, curious if anyone else noticed this.
Edit: adding to this. If i'm even remotely correct in that these are true psychological levels than USD, we may see BTC moving between C$75k and C$100k which is a perfectly reasonable buying range in my humble opinion.
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