Data: The correlation between bitcoin and gold has reached 70%.

08月
12
2020-8-12 10:51
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According to PANews, data from Skew Analytics shows that the relationship between Bitcoin and gold prices has reached 70%, surpassing the highs of Q4 2018 and Q2 2019. At the time of uncertainty in the market, as a friendship lends credibility to the History of "Bitcoin as a Retail". On the flip side, RSI indicates that current gold is overbought and selling well, while Bitcoin is still in a trade breakeven zone. In other words, as the price of gold falls, Bitcoin is likely to rise further, breaking the correlation between the two.

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2020-8-12 10:35

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