Gold has just surpassed its ATH and is pumping into price discovery.
What does this mean for Bitcoin, given their correlation as monetary hedges?
Historically, Bitcoin's macro trends have often lagged behind Gold by 3-6 months.
I created this chart with a 3-6 month lag range on Gold's price to visualize this relationship.
Not to jinx it, but according to this specific metric, the next few months should be promising for Bitcoin
What does this mean for Bitcoin, given their correlation as monetary hedges?
Historically, Bitcoin's macro trends have often lagged behind Gold by 3-6 months.
I created this chart with a 3-6 month lag range on Gold's price to visualize this relationship.
Not to jinx it, but according to this specific metric, the next few months should be promising for Bitcoin
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.