HawkInsight

  • Contact Us
  • App
  • English

Analysis: Bitcoin to gold price ratio surged 10% last week, signaling a bullish market

Internet reports that the ratio of BTC to gold rose by more than 10% last week to 33.33, setting the best performance in two months. The increase in the ratio indicates that BTC outperformed gold and broke through the "bull flag" pattern. The so-called flag-shaped breakthrough indicates that BTC's rally since hitting a low near 24.85 on April 11 will continue. The bull market flag pattern is characterized by a sharp upward trend, followed by a relatively short-term contrarian consolidation, which usually sets new highs. As with the BTC-gold ratio, the upward trend also suggests that the ratio may climb to 42.00, surpassing the previous high of 40.73.

Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.

NewFlashHawk Insight
More