Here is the unmarked chart of the two assets ... and talking through them is a reasonable explanation for why I believe Bitcoin could just be lagging gold by a few months to a year.
The chart below shows that Bitcoin apparent demand was at similar levels on July 27, 2024, after which BTC price dropped a further 30% to $49,000 on Aug. 5, 2024. Bitcoin apparent demand.
The chart divides time into prosperity, good times, and hard times, suggesting the current bull market aligns with a broader prosperity cycle. On top of this, regulatory clarity, Bitcoin ETFs ...
Bitcoin (BTC) is up 5% over the past 24 hours, rallying from a new local low at $76,450 to a high of $83,786 on March 12. On the weekly chart, BTC’s price retested its 50-weekly exponential ...
However, when it eventually moves, it will move significantly – either up or down: The bitcoin chart is in an equilibrium and could breakout either way That may sound obvious, but for a trader ...
The past few weeks have been highly volatile for bitcoin (BTC), with price action reflecting sharp swings. In the past two weeks bitcoin traded on an open-high, lower-close candlestick pattern ...
Bitcoin buy signal appears on the daily chart, with key momentum indicators showing BTC is oversold. Three key buy zones emerge as Bitcoin traders face mass liquidations after BTC tumbled below $ ...