The founder of digital asset fund Capriole Investments said that the BTC price movement still looks "very promising". Edwards uploaded a chart comparing the BTC price movement with the gold price movement since the end of 2019, and he concluded that once gold starts to show a new trend, it will only take time for Bitcoin to keep up. Superimposing XAU/USD onto BTC/USD shows that the incubation period for Bitcoin is about three months.
"According to a rough rule of thumb, the macro trend of bitcoin is usually a few months behind gold."
Analyst: It Could Take 3 Months for Bitcoin Price to Repeat Gold Bull Market
2024-08-13 10:04:43
Digital assets fund capriole investments founder person representation btcdesk3cryptocurrencydesktopCrypto News
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
分析师：比特币价格可能需要 3 个月才能复制黄金牛市Next article：
Pump.fun7月协议收入超2800万美元，创历史新高
