Analysis: Bitcoin and traditional stocks are only relevant for a short time and are currently in different long-term cycles

After experiencing a plunge, Bitcoin and the Dow Jones Industrial Index have diverged in recent days. In this regard, an article published by Weiss Crypto Ratings states that traditional stocks and bitcoin are only associated for a short period of time. However, they are currently in different long-term cycles. To better understand this statement, the AMBCrypto article compares the rise of the SP 500 index from 2444 to 3247 on March 3, 2020 since December 27, 2018. Both stock assets reflect long-term bull market cycles, and the market has recently plunged from a cycle high. However, Bitcoin's situation is completely different. Bitcoin has also seen a bullish rally in early 2019, but in the past 9 months, Bitcoin has mostly shown a downward trend. The 2020 rally did not exceed its 2019 high, with the most recent drop at a long-term cycle low of $ 4,000 in Bitcoin. Although historically, the stock market has been a victim of the global financial crisis, this is the first time Bitcoin has experienced a market fear of a recession. Although Bitcoin has recorded its own decline, it can be assumed that both asset classes have their own trends.