Bitcoin Magazine analyst Sean Hagan believes the Bitcoin-to-Nasdaq ratio has flipped bullish, citing its reclamation of the 200-day moving average on September 18 and historical median gains of 84%. Hagan noted that Bitcoin has historically risen one year after such reclaims in five out of six instances, with this cycle's 62% reset being the shallowest on record. He sets a target of $100,000 for Bitcoin and an invalidation level at $76,000-$77,000.