Has Bitcoin become a "SAFE" asset ? These charts show that......Bitcoin all time history indexINDEX:BTCUSDOrriginal After we heard the US Federal Reserve hold rates yesterday, Markets Fell some. And Bitcoin joined them for a couple of hours but Look now. While the $ falls, the S&P Falls, GOLD is the traditional haven of safety and we can see how it Rose in Value over the last 12 hours The $ has Fallen over the last 8 hours S&P Stalled for the last 24 hours And the STRONGEST positive moves over the last 12 hours were from BITCOIN rising, though it is taking a breather for the moment. SO, has it become a SAFE HAVEN ? Put it like this. Bitcoin has NOT lost value like it used to when under pressure. We have yet to see what would happen once it reaches its cycle Top. Will it retreat as it has historicaly... But for now, it does seem to be a strong store of Value and remains with potential and likelihood of further rises. The TOTAL CRYPTO MARKET CAP chart below This shows us that the investor market seems Very confident in the Crypto Market,,Just going from strength to strength. The TOTAL 2 Market Cap chart shows us something very interesting. The TOTAL2 chart is the Total Market Cap MINUS BITCOIN Compare the 2 charts and you will see how the TOTAL chart has risen way over its previous cycle ATH but the TOTAL2 is currently being rejected off its previous ATH line. This clearly shows us that BITCOIN is the strength in the Crypto Market. It is the same story on the TOTAL3 chart ( TOTAL minus BTC & ETH ) It is the same on the OTHERS chart ( Top 125 coins minus top 10 by market Cap ) BITCOIN CARRIES THE MARKET These are early days but the Future of Bitcoin does seem VERY good So far this cycle, the largest retrace was -31% This drop was NOT a sharp Drop over a short period of time. It was an expected and controlled drop over 112 days. But the zoomed out version of that chart tells us something VERY GOOD PA has risen above and Tested and held that line of resistance that had rejected PA at Cycle Top ATH in 2017 and 2021. That is a HUGE move and we wait to see if we Hold and move higher away from this line. SO, Is Bitcoin a Safe Haven ? It is certainly looking more and more like it. PA is secure, has held position well and is in Price discovery...slowly and with caution...but always moving forward. The traditional 4 yeat Cycle would end in late Q4 this year and so we have to wait and see what happens then. But Bitcoin PA has moved into New ground on so many fronts now. The traditinal BEAR market may not appear, in which case, YES, Bitcoin could become a New SAFE HAVEN Buy Bitcoin Hold Bitcoin