Trump's Policies Drive Investors Toward Gold, Bitcoin Faces Challenges
AI Summary
Gold Shines as Investors Turn Cautious!
Bloomberg’s senior commodity strategist Mike McGlone recently shared on X that President Trump’s latest policies are pushing investors toward safer assets like gold. Meanwhile, Bitcoin might face headwinds, as it appears to be drifting back toward long-term trends.
McGlone points to the 200-week moving average — a key historical support level — which currently sits around $46,300, nearly 45% lower than Bitcoin’s present price of $85,000. Could this signal a major price correction on the horizon?
Stay alert. The market's watching.
