- January 27, 2023
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
Bitcoin (BTCUSD) is displayed on this 1W chart alongside Gold (XAUUSD) by the black trend-line. The text will be short as the chart is pretty much self-explanatory.
Every time Gold breaks its Lower Highs trend-line, BTC is past its bottom and well into its Bull Cycle, starting an aggressive rally. Right now Gold is dangerously close to that Lower Highs trend-line, while Bitcoin is already posting an impressive rally this first month of the year.
If Gold breaks its trend-line again, will you take it as an additional signal that the new BTC Bull Cycle has officially started? Feel free to let me know in the comments section below!