Gold vs BTC on SPX weakness
Market is in a tight position with SPX fuel running low after a spectacular – and rather unbelievable if you ask me – rally.
We are seeing gold staying stable while Bitcoin took quite a hit. This was however expected after touching the
12K resistance many time and failing to break through.
DXY still showing signs of weakness while VIX is approaching a level of resistance which could provide a temporary relief for Bitcoin. If bulls can show their strength I'm expecting BTC to reclaim the 11K levels as market uncertainty push investors to high-yield assets like Gold and Bitcoin.
We are seeing gold staying stable while Bitcoin took quite a hit. This was however expected after touching the
12K resistance many time and failing to break through.DXY still showing signs of weakness while VIX is approaching a level of resistance which could provide a temporary relief for Bitcoin. If bulls can show their strength I'm expecting BTC to reclaim the 11K levels as market uncertainty push investors to high-yield assets like Gold and Bitcoin.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.