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The latest weekly chart (left) continues to drive the idea that Bitcoin will push higher after holding above the mid $40s—the opposite from what it did in mid-May.
Relative to gold, Bitcoin's pattern remain similar to summer 2020 (middle chart). Bitcoin must close the month above $53K to preserve its 7-month upward channel while maintaining positive momentum vs. XAU.
his would imply considerable upside vs. USD as long as XAU/USD holds above $1770s.
In wake of the latest events we have witnessed in the banking sector with several actors facing liquidity crunches as a result of rapid and large customer redemptions, financial...
Bitcoin dominance surged above 47% in March in the wake of the current chaos roiling the global banking system. Bitcoin dominance, the ratio of Bitcoin’s market cap to the...
The relationship between Bitcoin and gold has been strengthening in the past few weeks, buttressing claims by bitcoin supporters that the crypto token is also a safe-haven asset....
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