BTC Elliott Wave count 4H TFI think Bitcoin needs a deeper correction to move higher.
WXY correction on the table if this is not the beginning of something bigger to the downside.
As we stay above 19568 it may use last impulse (C wave in my count) to go higher.
Other important levels 26935 and 24050.
Good luck!
Biotcoin
Correlation study of Gold and Bitcoin in the last 10 yrsCorrelation, in the finance and investment industries, is a statistic that measures the degree to which two securities move in relation to each other. Correlations are used in advanced portfolio management, computed as the correlation coefficient, which has a value that must fall between -1.0 and +1.0.
As it is obvious in the chart the correlation between Gold and Bitcoin lies somewhere between 0 to -1, which means they tend to move in the opposite direction..!