The 2020 signal returns: Why the copper-to-gold breakout could point to bitcoin breakout
The article highlights a significant resurgence in the copper-to-gold ratio, noting its recent ascent above its 200-day moving average. This specific market movement, which last occurred notably in September 2020, is presented as a historical indicator that has reliably preceded major upward price movements for Bitcoin. The current breakout of this ratio suggests a potential repetition of past patterns, signaling a prospective rally for Bitcoin based on this established macroeconomic correlation.
Fuente: CoinDesk (Bitcoin tag)
← Go BackRead Source