Just came across an interesting take from an analyst - Bitcoin might actually be approaching its market bottom if you measure it against gold. Kind of a different lens than the usual USD comparisons we see everywhere. The idea is that Bitcoin's performance relative to gold could signal whether we're really at capitulation levels or not. Curious timing given we're about 9 months out from February when this kind of analysis tends to get more attention in bear markets. Makes you wonder if the gold comparison is something more traders should be watching instead of just staring at the BTC/USD chart all day. Anyway, worth keeping an eye on if you're trying to figure out where the real bottom might be.

BTC-1.72%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin