Gold It continues its way by breaking new records and uncertainty on a global scale had significant consequences on the price of gold. The king crypto currency was over $ 85,000 at the time of the article. We are now coming to the end of boring movements that have been going on for a long time because the consolidation has been extended. Especially Bitcoin $84,470.09/Rover attracts attention to the gold graph.
Bitcoin/Gold Chart
Rover by sharing the graph below Bitcoin He said that the price should now increase his earnings against gold. The boring period that has been from 2022 to the present should now prepare the basis for the parabolic rise according to the analyst.
Michael Poppe at the same time Gold He made another themed sharing and increased hopes.
“We are ultimately at a turning point or we are very close.
Why?
– gold should be consolidated.
Gold is great for Momentum in Bitcoin, but is it?
Bitcoin ETFI think we see a inflated rally in Bitcoin with the approval of the American government and confirming the presence of Bitcoin. But ultimately, the power in gold usually pushes the power in risky assets. When the gold reaches the summit (this month or next month), I think we will see an acceleration shift from precious metals to crypto. ”
Poppe Although he does not explain the basis of this prediction, everyone thinks that the fear of tariffs will be balanced as of April. Investors who bought the worst scenario were very scared and Altcoin received excessive demand. When faced with fear, the graphics usually move in the opposite direction and ascends by easily throwing the part of fear that we can call foam.
Estimates in crypto coins
We all know that we are on the eve of a great movement. 86, 91 thousand dollars or 75 thousand dollars will experience a break and the price is more powerful to see that the direction of moving.
Daan Crypto discussed possible scenarios by drawing attention to a few important details in today’s evaluation.
“BTC It has been too wavy for the last few weeks. Since the local bottom of March 11, a few days of green or red candles could not be lined up.
Such consolidations are usually for chopping people before the larger movement takes place.
Currently, the price is not in the middle of almost any place. Sensitivity and momentum will return in favor of the bulls after taking back the previous range. I think this will lead to new summits very soon.
If the price cannot do this, I will look at the test of 2024 / summer consolidation at ~ 73k- 74k $ that it should offer at least some support. My long -term trend is still in the direction of rise in the BTC and I think this correction is quite normal for a bull cycle. We have seen much worse than 30 %corrections, but then we went back to the rise. If we see continuous closures below $ 70 thousand without a suitable black swan event that will take us there, I will re -evaluate this prejudice. If the second situation is in question, this will probably be only one opportunity to buy. ”
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
