BTC/AAPL: A Channel That Anticipates Bitcoin TopsBTCUSD/AAPLINDEX:BTCUSD/BATS:AAPLjoaowedsonfWhen we divide Bitcoin’s price by Apple’s stock price, a surprisingly consistent channel appears. Since 2017, BTC/AAPL has respected the boundaries of this channel, accurately signaling the market’s major bottoms and tops. What makes this even more interesting is that BTC/AAPL tends to reach the top of the channel before Bitcoin itself forms a top in USD. That makes it a potential leading indicator for market cycle peaks. Historically, when Bitcoin becomes extremely overvalued relative to Apple, the market starts signaling that it may be time to reduce BTC exposure and rotate part of that capital into Apple shares. Now, BTC/AAPL is once again approaching the lower region of the channel, an area that previously aligned with major accumulation opportunities. Sometimes, the best way to understand the value of one asset is to compare it with another high quality asset.