Analyst: It may take 3 months for Bitcoin price to replicate the gold bull market
In a message from ChainCatcher, the founder of digital asset fund Capriole Investments stated that the price trend of BTC still looks "very promising". Edwards uploaded a comparison chart of BTC price trends and gold price trends since the end of 2019. He concluded that once gold begins to show a new trend, Bitcoin only needs time to catch up. By overlaying XAU/USD onto BTC/USD, it can be found that Bitcoin's latency period is about three months. "According to rough rules of thumb, Bitcoin's macro trend usually lags behind gold by several months.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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