Analysts: Bitcoin price may need 3 months to follow the trend of gold.
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Odaily Odaily News: The founder of digital asset fund Capriole Investments said that BTC price trends still look "promising." Edwards uploaded a comparison chart of BTC price trends and gold price trends since the end of 2019, and concluded that once gold starts a new trend, Bitcoin only needs time to catch up. Superimposing XAU/USD on BTC/USD, it can be found that the incubation period of Bitcoin is about three months. "As a rough rule of thumb, Bitcoin's macro trends usually lag behind gold by several months." (Cointelegraph)
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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