$BTC's Rejection at $90K & a SHOCKING Gold Divergence 🚨
Bitcoin is facing stiff resistance at $90,000, and something unusual is happening: its relationship with gold is BREAKING DOWN. The correlation has flipped negative (-0.14!), meaning they're now moving in opposite directions.
Historically, $BTC benefited from gold's safe-haven appeal. This shift suggests changing investor risk appetite – money is flowing *out* of safe assets. But beware! This often precedes short-term volatility for Bitcoin, not necessarily a crash. 📉
Key levels to watch: strong support between $86,000-$87,000. A break below could send us to $83,000. Bulls need a decisive push *above* $90,500 to regain control. For now, expect sideways trading and increased swings as this correlation plays out. The market remains cautious, balancing macro uncertainties with demand.
#Bitcoin #CryptoTrading #MarketAnalysis #BTC 🚀
