Analyst: It may take 3 months for Bitcoin price to replicate the gold bull market

Bitget App

Trade smarter

Bitget2024/08/13 10:23

In a message from ChainCatcher, the founder of digital asset fund Capriole Investments stated that the price trend of BTC still looks "very promising". Edwards uploaded a comparison chart of BTC price trends and gold price trends since the end of 2019. He concluded that once gold begins to show a new trend, Bitcoin only needs time to catch up. By overlaying XAU/USD onto BTC/USD, it can be found that Bitcoin's latency period is about three months. "According to rough rules of thumb, Bitcoin's macro trend usually lags behind gold by several months.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

Trending news

Galaxy: The top seven deals accounted for nearly half of Q3 investment activity, signaling the possible end of the golden age for pre-seed and seed round investments

Data: In the past 24 hours, CEX saw a net outflow of 19,541.03 BTC