🟡 Gold can break new highs… and what is its impact on Bitcoin?
Gold is approaching a pivotal technical moment after consolidating near historical peaks, as current data indicates an increased likelihood of registering a new high if the buying momentum continues and main resistance levels are breached firmly.
This movement, if confirmed, does not only reflect on the metals market, but its effect extends to high-risk markets, with Bitcoin at the forefront. Historically, when gold moves strongly upwards, it usually indicates one of two scenarios:
Either a confirmation of an increasing sense of caution and hedging in the markets, which may temporarily pressure high-risk assets.
Or a preparation for a new liquidity flow later towards Bitcoin after the initial surge in gold stabilizes.
Technically, the continued strength of gold supports a scenario of temporary fluctuations in Bitcoin before determining its next direction, while any failure of gold to break through may give Bitcoin a competitive advantage in rising.
📊 The current phase is sensitive for both markets, and random decisions may be costly.
📌 Follow the close monitoring of gold levels as they may give the next signal for Bitcoin's movement.
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