Bitcoin Could Find Next Bottom Near $50,000 Based On Gold Ratio, Expert Warns

20 minutes ago

While gold has posted major gains, Bitcoin (BTC) c

While gold has posted major gains, Bitcoin (BTC) continues to show major signs of weakness, with prices drifting toward lower support levels and now approaching the closely watched $82,000 mark, a pivotal point in determining the next major direction for the world’s largest cryptocurrency.

GOLD/BTC chart and previous top and bottom patterns. Source: Doctor Profit on X

The daily chart shows BTC’s price trending downwards. Source: BTCUSDT on TradingView.com

At the time of writing, BTC was trading at $83,435, with losses of 2.2% and 7% recorded in the 24-hour and seven-day time frames, respectively.

Featured image from DALL-E, chart from TradingView.com

About Author

See author's posts

Tags: Bitcoin, Bitcoin chart, Bitcoin news, Bitcoin Price, bitcoin technical analysis, BTC, BTC news, BTCUSDT, continues, Crypto, Crypto News, cryptocurrency, gains, gold, major, posted, show, signs, while

Bitcoin Could Find Next Bottom Near $50,000 Based On Gold Ratio, Expert Warns

About Author

Why Gold & Silver’s All-Time Highs Are Very Bullish For Bitcoin And Altcoins

Bitcoin’s Digital Gold Thesis Faces Reality As Gold Surges Ahead

Why Litecoin Price Going To $2,000 Is Not A Fantasy, But Market Cap Math

Bitcoin Miner Fees Remain Near Cycle Lows: What Does This Signal?

Friday Meltdown: Gold Loses 8%, Silver Slips Under $85 as Precious Metals Shed $7 Trillion

Talos Extends Series B to $150M With Strategic Institutional Investors

Leave a Reply Cancel reply

You may have missed

Why Gold & Silver’s All-Time Highs Are Very Bullish For Bitcoin And Altcoins

Bitcoin’s Digital Gold Thesis Faces Reality As Gold Surges Ahead