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25 January 2021

Bitcoin price rally at risk as gold and US dollar show signs of recovery

Bitcoin price rally at risk as gold and US dollar show signs of recovery


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Bitcoin price rally at risk as gold and US dollar show signs of recovery.

According to Tapiero, the largest ever three-week liquidation in the gold market increases the probability of an uptrend.

Still, there is a stronger case to be made that the rally of Bitcoin coincided with large gold outflows, as Cointelegraph reported.

That means a major gold rally could impact the near-term momentum of BTC.

Bitcoin (BTC) is at risk of a pullback as analysts anticipate gold to see a major recovery

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