The chart is integrated
Candles BTC/GOLD
The blue line is the actual price of Bitcoin
As a comparison, this is considered an exceptional event for the first time as Bitcoin has defied the current movement by maintaining its position and not reacting to the drop.
The BTC/GOLD chart shows that Bitcoin (supposedly) is currently trading at 73,000 - 69,000 and this may happen, but it is exceptional because it has not reacted until now.
Since Trump's arrival, signs of a change in Bitcoin's movement behavior have started to appear.
Gold candles
The blue line is Bitcoin
Gold may extend to 3300 - 3400
In a picture that shows similar behavior in the past for gold during the Corona period and the current period.
This chart illustrates that we need a drop in gold for Bitcoin to move for several reasons:
- Market safety as the continuous rise of gold is a hedge against something.
- The liquidity directed to gold is needed by the markets.
#البتكوين and gold