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Bitcoin, Gold, and Copper Paint a Coherent Picture
The bitcoin was heralded the new gold. But the “old” gold ultimately managed to move above its 2021 highs, while the “new” gold didn’t. Gold didn’t disappear; they both coexist, and they both have the strong anti-dollar vibe. But… Could it be the case that bitcoin’s rally is over? It hasn’t moved to new highs after all, despite halving, which was supposed to ignite a powerful move up. It seemed like a sure bet as it limits the supply of bitcoins. Instead, it triggered another attempt (!) to move to new highs – one that failed, too. How come? Those who have been in the markets for longer know this ... (full story)
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- Posted: Jun 19, 2024 10:40pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 936
