Gold vs BTC on SPX weakness
Market is in a tight position with SPX fuel running low after a spectacular – and rather unbelievable if you ask me – rally.
We are seeing gold staying stable while Bitcoin took quite a hit. This was however expected after touching the
12K resistance many time and failing to break through.
DXY still showing signs of weakness while VIX is approaching a level of resistance which could provide a temporary relief for Bitcoin. If bulls can show their strength I'm expecting BTC to reclaim the 11K levels as market uncertainty push investors to high-yield assets like Gold and Bitcoin.
We are seeing gold staying stable while Bitcoin took quite a hit. This was however expected after touching the
12K resistance many time and failing to break through.DXY still showing signs of weakness while VIX is approaching a level of resistance which could provide a temporary relief for Bitcoin. If bulls can show their strength I'm expecting BTC to reclaim the 11K levels as market uncertainty push investors to high-yield assets like Gold and Bitcoin.
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