- March 21, 2023
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
This is a chart displaying Gold’s (XAUUSD) correlation with Bitcoin (BTCUSD) on the short/ medium-term. As you see the two have been tightly correlated since late last year. When Gold started dropping aggressively after the February 02 High, Bitcoin followed shortly, though with not such an aggressive note. With Gold declining rapidly today, is this an early indicator that Bitcoin is about to do so as well to the 26k-25k zone?