Technical Signal Suggests Gold Is Ready For Revenge Against Bitcoin

The digital gold narrative and fears of hyperinflation looming as the economy weakens and more fiat money is printed, has driven Bitcoin to incredible heights and done so quickly. But considering the cryptocurrency’s history of frightening drawdowns, things could turn at a moment’s notice. One sign that Bitcoin could soon be in some trouble comes from the cryptocurrency’s trading pair against gold, which has reached a TD 9 sell setup on monthly timeframes. The signal, […]
Bitcoinist.com

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Author: toutiao